More sagging of USD"On the dollar, the United States won in its effort to retain an endorsement of flexibility in exchange rates that the Group of Seven nations had made at its September meeting.
Currency traders have interpreted that word as indicating a green light to allowing a continued fall in the dollar's value. The Bush administration supports that development as offering a way to increase U.S. exports and deal with the loss of 2.8 million U.S. manufacturing jobs over the past 3 1/2 years. "
https://story.news.yahoo.com/news?tmpl=story&cid=530&ncid=530&e=1&u=/ap/20040207/ap_on_bi_ge/money_summit