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Topic: dollar

US dollar banknotes
Economy
Tuesday, 6/30, 09:43 PM

Why a New 'Plaza Accord' to Weaken the Dollar Wouldn't Work

  • In 1985, five governments met at New York's Plaza Hotel and agreed to drive down an overvalued dollar — and it worked.
  • With the dollar strong and US trade deficits wide, the idea of a sequel is circulating again.
  • The trouble is that the world that made the Plaza Accord possible no longer exists.

In brief

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