The current US account deficit widened to 5.7 percent of gross domestic product in the final three months of last year, the most ever, the Commerce Department said on March 16. The gap, which set a record every quarter in 2004, means the U.S. has to attract $1.8 billion a day to maintain the value of the dollar, according to Bloomberg calculations."
4/7/05
Bloomberg.com: UBS, Deutsche Bank, Merrill Predict Dollar Will Resume Decline
Bloomberg.comUBS, Deutsche Bank, Merrill Predict Dollar Will Resume Decline
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