8
October
As Global Leaders Meet, Strains Rise Among Nations Competing to Save Exports
8 October 2010 Wall Street Journal
The dollar hit fresh lows against several currencies Thursday, raising pressure on global leaders to address worsening tensions among countries vying to keep their currencies weak and exports competitive. The relentless rise of currencies from the Japanese yen to the Australian dollar is threatening to derail economic recoveries and global cooperation. In the six weeks since the Federal Reserve began discussing the prospect of further easing monetary policy, the dollar has fallen 7% against a basket of currencies.
http://online.wsj.com/article/SB10001424052748704696304575538334028041428.html
