The Dollar | featured news

...it’s worth emphasizing that one of Romney’s top advisers is promoting economic stimulus through a lower dollar. That could be good idea, as cheap dollars are generally helpful in economic slumps, but it’s an interesting position for a Republican candidate to embrace. Paul Ryan has declared, “There is nothing more insidious that a country can do to its citizens than debase its currency,” while Tim Pawlenty has said “When you devalue the dollar, you are devaluing the net value of this country.” This sort of rhetoric could make it difficult for Romney to follow this path if elected.

A top board member of the European Central Bank unexpectedly resigned on Friday in what analysts saw as further evidence of the deep divisions over how to resolve Europe’s growing debt crisis. The move immediately rattled European markets and the euro, which slipped to a six-month low against the dollar. The European Stoxx and German DAX indexes tumbled 3.5 percent.