TRADE, EXCHANGE RATES AND BUDGETS
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The euro slid further against the dollar, dipping below 86 cents at one point. Sterling hit a 14-year low against the dollar. America's current-account deficit widened to a record $393.5 billion in the year to the second quarter. Japan's current-account surplus narrowed slightly in the 12 months to July, to $116.7 billion.
This article appeared in the Economic & financial indicators section of the print edition under the headline “TRADE, EXCHANGE RATES AND BUDGETS”
From the September 16th 2000 edition
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