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IN 2003, the major industrial countries continued to maintain accommodative monetary policies.
Europe is concerned about 'brutal' currency movements, said European Central Bank (ECB) chief Jean-Claude Trichet, but a meeting of the world's top central bankers here did not discuss the US dollar's rapid slide as a risk to global economic recovery.
THE US dollar plunged to new record lows against the euro and the Australian dollar in early London trade yesterday as the latest US employment data suggested America's economy was not creating as many jobs as expected, dimming prospects of an interest rate rise by the Federal Reserve towards the end of the year.
Germany joins France in the European Union dock this week as finance ministers consider whether to punish the two overspenders for violating euro rules on deficits or let them off the hook yet again.
Surprisingly strong third-quarter economic growth in Japan is the latest sign the global economy is coming out of the slump it fell into when the technology bubble burst in 2000.
German Chancellor Gerhard Schroeder suggested in an interview published Friday that the European Central Bank should do more to weaken the euro against the U.S. dollar, a call that followed the bank's decision to leave interest rates unchanged.