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Personal Finance

U.S. Dollar Gains May Not Be Permanent

Tuesday, May 24, 2005 11:46:42 AM
By RACHEL BECK

NEW YORK (AP) - It may be too soon to call the dollar's recent rise a full-fledged turnaround. And there may be some in corporate America who are just fine with that.

After being beaten and battered for the last few years, the greenback appears to be emerging from its funk by making significant gains in recent months against the currencies of major trading partners.

That's surely a positive development if you consider what it could do for the economy, and how it would cut travel costs for anyone venturing abroad. But is this good news all around? It may depend who you ask.


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