Daily Archives: May 25, 2005

THE OECD BEFRIENDS THE DOLLAR

The OECD became the dollar’s new best friend yesterday when the Paris-based group issued a warning that the euro-based economy has stumbled and needs help regaining its footing. That’s hardly news, but the OECD’s Economic Outlook was compelled nonetheless to restate the obvious in yesterday’s newly released edition with the advisory that “what is badly lacking is sustained momentum in the euro zone.”

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