Manufacturers will no doubt continue to make noise over the dollar's 27 percent trade-weighted gain since 1997 and its effects on their competitiveness. The dollar is changing hands at ?123.30, while buying 86.15 euros. But their complaints are likely to fall on deaf ears in Washington, and for good reason.
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Wed, Jun 20, 2001 - Page 19 News List
Manufacturers want to devalue the greenback
Although the US manufacturing sector has been calling for a weaker currency as industrial production continues to fall, most analysts believe a strong currency is necessary to bring in capital flows to boost the stock market and broader economy
By William Pesek / BLOOMBERG , WASHINGTON
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