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September 26, 2007

All Business: Weak dollar means more than pricey trips to Europe

  • A plunging dollar comes with widespread economic risk, and could raise costs for everything from gas to mortgages.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK — The markets and Washington may be nonchalant about the tumbling dollar, but the rest of us can't afford to be.

    The dollar has been declining for a while. In recent weeks, things have deteriorated, however, as the greenback has plunged to record lows against the euro and reached parity with the Canadian dollar for the first time since 1976.


     
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