Well, Hello Dollar!

Suddenly, the whole world loves the greenback

A few years ago, the U.S. dollar was the unloved orphan of the currency markets: Despite America's booming economy and shrinking budget deficit, traders grew certain that President Bill Clinton wanted a cheaper dollar to cut the yawning U.S. trade deficit. So convinced, they drove the greenback from 125 Japanese yen when Clinton took office to below 80 in April, 1995.

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