61. But companies bringing products into the United States are in a difficult bind from the falling dollar. 62. But the falling dollar made such a purchase too costly. 63. By midmorning, though, a falling dollar helped erase most of those gains. 64. By the same reasoning, a falling dollar should make U.S. exports more competitive, causing American stocks to rise. 65. Canadian banks were also hurt by a falling dollar, raising concern that the Bank of Canada may have to raise interest rates to support the currency. 66. Canadian banks were hurt by a falling dollar, raising concern that the Bank of Canada may have to raise interest rates to support the currency. 67. Canadian bonds, however, were undermined by the falling Canadian dollar, 68. Canadian bonds were undermined by the falling Canadian dollar, which makes securities denominated in it less attractive to investors. 69. Clinton critics say the blame for the falling dollar and for all it entails lies not in Tokyo but in Washington. 70. Eventually, a falling dollar can cause inflation as the cost of imported goods -- everything from Dutch Gouda cheese to German Mercedes-Benzes -- rises. |