The Guardian - This is the first time I can remember that Bernanke has spoken openly and substantively about the dollar. He is not doing this by accident. I am convinced that the US has woken up to the fact that the weakness of the USD is worsening the state of the US economy via the oil price. With gasoline now averaging $3.97 a gallon, the only way to give a meaningful downward push to the oil price is through a stronger dollar. With Paulson having just spent the weekend in the Gulf States, it's pretty sure that he will have heard some harsh words from his hosts about the problems a weak dollar is causing them.
Thursday, May 23, 2013 As of 9:04 PM EDT
U.S. EDITION
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