http://cbs.marketwatch.com/news/story.asp?guid=%7B90138A60%2DE45D%2D41BC%2D8275%2D3992482B90EC%7D&siteid=mktwCHICAGO (CBS.MW) -- The U.S. dollar was set to close out its third straight year of depreciation, hampered by U.S. deficits and an apparent willingness on the part of the world's financial powers to let the greenback fall.
The string of three annual declines will be the longest since the late 1980s.
The dollar moved 0.6 percent lower Friday against the Japanese yen in thin pre-New Year's trading.
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Alex Beuzelin, senior market strategist with Ruesch International, cited several factors as "keeping the U.S. currency biased toward the downside."
These include, he said, a "record-high" U.S. current account deficit, Washington policymakers' "tolerance" of a dollar, "market perceptions that no official coordinated G-7 action is planned to rescue the greenback."
...more..."Ah'm gonna pick up whar' ma daddy lef' off" GWB (campaign 2000)