A falling, or "weak," dollar is great for American manufacturers. Conservatives, though, are trying to use the complexities of the relative value of the dollar in currency markets as an anti-Obama political issue.
By not including the dollar in its international strategy and leadership, the U.S. misses out on an important way to create solidarity and loyalty among trade partners, and fair treatment for creditors.
The bilateral talks, or G-2, between the U.S. and China have resulted in little substantive progress. This is because there is a continuing, inexplicable failure on the part of the U.S. with other countries to pressure China to curb its currency manipulation.