We should let the dollar fall against other currencies.
Although his party has Some in Japan fear a continued dollar fall could hurt the Japanese and American economies.
Against the yen, the forecasts ranged from a dollar fall of 12.4 percent to a rally of 13.5 percent.
And some policy makers are reluctant to see the dollar fall because it would raise the cost of imports and kick up inflation.
Some currency traders saw the report as a sign that the Reagan Administration did not favor a continued dollar fall.
European leaders put part of the blame for the recent currency shifts on the Bush administration's willingness to let the budget deficit soar and the dollar fall.
This administration is content to let the dollar fall and bet that the global markets will glide the greenback lower in an "orderly" manner.
If interest rates on dollar bonds do not rise enough to compensate for the expected dollar fall, investors will seek alternatives abroad.
At no point would the value of the dollar fall below 1 oz.
And some traders said the markets were further roiled today by reports that American officials were content to see the dollar fall.