BUSINESS
03/28/2008 02:45 am ET | Updated May 25, 2011

U.S. Officials Silent On Low Value Of Dollar

The dollar is near record lows against the euro and has weakened considerably against several other major currencies, but officials in Washington are reacting with almost contented silence.

Less than two weeks before finance ministers from the Group of 7 leading industrial nations are to meet to discuss economic policy, European officials are grumbling about the weakened dollar because it makes American exports cheaper in world markets.

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