How long can the U.S. dollar defy gravity?

By editor | Published: February 26, 2010

NEWYORK/WASHINGTON (Reuters) – The only time the U.S. dollar ever took a serious shellacking in the marketplace, the wounds were almost entirely self-inflicted.

“…As the United States racks up staggering deficits and the center of economic activity shifts to fast-growing countries such as China and Brazil, these sources fear the United States faces the risk of another devaluation of the dollar. This time in slow motion — but perhaps not as slow as some might think. If the world loses confidence in U.S. policies, “there’d be hell to pay for the dollar,” Pardee said. “Sooner or later, the U.S. is going to have to pay attention to the dollar.”  click here for full Reuters article by Steven C. Johnson,Kristina Cooke and David Lawder

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