Economic news remains focused on banks and housing, while the threat mounts to the U.S. dollar from massive federal budget deficits in fiscal years 2009 and 2010.

Earlier this year, the dollar's exchange value rose against currencies, such as the euro, the British pound and Swiss franc, against which the dollar had been steadily falling. The dollar's rise made U.S. policymakers complacent, even though the rise was due to flight from overleveraged financial instruments and falling stock ...

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