"Rishab Aiyer Ghosh" <[EMAIL PROTECTED]> wrote:
exchange rates are not an indicator of the health of an economy. indeed, lowering rates can lead to export driven growth. the fall of the pound,and its eviction from the european exchange rate mechanism in 1992 preceded a period of considerable growth for the british economy.
I'm told that the dollar is deliberately being devalued, to encourage exports among other reasons.
