21. And with their overvalued pesos pegged to the strong dollar, they go increasingly to Europe, the United States and Brazil. 22. Another good reason for traveling now is to take advantage of the strong dollar in many parts of the world. 23. Another factor restraining the impact of rate cuts has been the strong dollar. 24. Any increase in U.S. rates is likely to lead the Bank of Canada to move in tandem to keep the Canadian dollar strong. 25. As analysts pondered the currency moves, Treasury Secretary Lawrence H. Summers said Monday that the Clinton administration still favored a strong dollar. 26. As recently as last Friday, Rubin repeated that a strong dollar is in the national interest. 27. As recently as last week, Treasury Secretary Robert Rubin spoke out in favor of a strong dollar. 28. Aside from their own high costs, the biggest blow to American steel makers in recent years has been the strong dollar, which makes all imports cheaper. 29. At home, a strong dollar acts as a brake on inflation, a plus for interest rates. 30. At the same time, the strong dollar will help keep inflation in check by keeping imports inexpensive. |