OECD warns rebalancing of US deficit may drive dollar down sharply

By AFX

The OECD has warned that the eventual rebalancing of the US current account gap 'looks increasingly unavoidable' and will send shock waves across the globe, starting with a slump in the dollar's exchange rate. The OECD said in its world economic outlook that the depreciation faced by the dollar could be 'of the order of one-third to one-half.'

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