US dollar is down, but not yet out

With interest rates near zero and the Federal Reserve printing money to prop up the economy, the dollar index has hit a 14-month low. But it's too early to write the greenback off yet.

Last week Tim Geithner became the latest US Treasury Secretary to say he believes in a strong dollar. The dollar index, which tracks the greenback's performance against a basket of major trading partners' currencies, promptly hit a 14-month low of under 76, not far off its record low of March 2008.

Why the dollar is sliding

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