Financial Times FT.com

The Short View: Weakening dollar

By John Authers, Investment Editor

Published: July 24 2007 18:05 | Last updated: July 24 2007 18:05

The US dollar continues to come to earth. Currencies nicknamed for birds are taking flight.

Strong Canadian retail sales data on Tuesday provoked talk that higher rates would be needed in Canada, and helped its currency (known as the loonie because a loon appears on Canadian $1 coins) gain a cent against the US dollar.

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