...Several European finance ministers subsequently echoed similar theme.

In reality, of course, the United States does not have dollar policy--other than letting the market determine its value. The U.S. government does not intervene in the foreign exchange market to support the dollar, and the Federal Reserve's monetary policy certainly is not directed toward such a goal. Nor is the Fed specifically aiming to lower the dollar's value. Although cutting the federal funds interest rate from 5.25 percent in the summer of 2007 to 3 percent now...

NOTE: All illustrations and photos have been removed from this article.




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