The discord seemed to unnerve precious metals traders, because gold prices, which generally soar when the dollar drops, instead fell yesterday.
The Reagan Administration now appears to be looking for a renewed dollar drop to improve the American trade imbalance, which is both a political and economic liability.
That's the best way to stop the dollar drop and to avert a flight from the future.
There are people who blame them every time the Chinese dollar drops, or a hurricane disrupts line service in the Caribbean.
We were warned that a big dollar drop would trigger inflation; in 1986, inflation was the lowest in 20 years.
Some expect to see the Canadian dollar drop to as low as 65 cents to the dollar.
When the dollar drops, several things happen.
Q. Most of the stock market averages are hitting highs even as the dollar drops.
Outlook in World Capitals In Washington, key members of Congress said they would welcome a further orderly dollar drop to reduce the American trade deficit.
She said the dollar drop lasted a few minutes before the currency stabilized at a lower level.