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Hurricanes in September that restrained shipments of imported oil may have helped limit the effect of record prices. Further increases and a rebound in shipments will probably mean a wider deficit in October, posing a risk of further declines in the U.S. dollar, economists said.
``The September dip is welcome but will prove temporary,'' said Ian Shepherdson, chief U.S. economist at High Frequency Economics Ltd. in Valhalla, New York. ``There is no chance the overall deficit is turning down, but the rate of increase appears to be slowing.''
Originally posted by edsinger
Ah but the dollars are getting cheaper and therefore US goods get cheaper in the long run overseas.
Exactly what Reagan did, I would like to see a 1.50 eurro vs the dollar....