The U.S. dollar continues to drop – it’s down 2% against the euro just this past week. This isn’t a short-term decline as far as Michael Woolfolk is concerned. He’s the senior currency strategist at Bank of New York.
On Street Signs--Woolfolk says he thinks the dollar could be down as much as 5% to 10% by the end of 2007 – though he doesn’t see this derailing economic growth for the U.S.
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