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October 28, 2004

Sagging Dollar

The sagging US dollar has the international manufacturing community in a bind. Some are reporting business down by up to 20% as American retailers have had to bump prices to compensate for the surging Euro and Canadian dollar, which might explain why American firms were busy writing orders at October's furniture market in High Point. The internationals are pinning their hopes to a dollar gain after Nov 2 - if, sighed one Canadian manufacturer, there really is a winner declared by the 3rd.

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