cbr quarterly_review, 2004-06-30
The dollar’s depreciation in the first half of the year as compared with the same period last year was attributable to the depreciation of the US currency in 2003 caused by a large current account deficit and the US economic authorities’ efforts to use the weakened dollar as a means of boosting the competitiveness of US goods and stimulating business activity and employment.
Sentiment: neutral
Topic: mp_exchange_rate