IMF says global economy needs significantly weaker dollar by Lesley Wroughton

Of the economic imbalances, the IMF said: “An orderly resolution of global imbalances will require measures to facilitate a rebalancing of demand across countries and a realignment of exchange rates over the medium term, with the US dollar needing to depreciate significantly from current levels, and currencies in surplus countries — including in parts of Asia and among oil producers — needing to appreciate.”

posted by SARTRE @ 4/20/2006 07:34:00 AM