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Old 05-15-2006, 08:33 AM  
Dollarmansteve
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Join Date: May 2005
Location: T.O.
Posts: 2,849
Can I also point out that those most directly affected by a weaker US dollar are the ones holding it. When the US runs current account deficits it means that there is a net outflow of currency - in simple terms, US dollars are used to buy the currecy needed in trade - and the exporting country holds the US currency. I believe that China has the largest foreign reserve of US cash on the planet - every tick that the US dollar goes down costs the Chinese central bank tens of millions of dollars in value.
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