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Europe Daily Bulletin No. 8250

8 July 2002
Contents Publication in full By article 30 / 54
GENERAL NEWS / (eu) eu/economy
Central bankers unconcerned about weak dollar

Brussels, 08/07/2002 (Agence Europe) - The sudden weakness of the dollar (which has fallen to its lowest level against the euro in two years) does not seem to be of any great concern to the hundred-odd central bankers meeting in Basel at the 72nd annual summit of the BIS (Bank for International Settlements).

The BIS organises co-operation at global level between central banks and financial authorities. Its members feel that the dollar remains overvalued (above its long-term equilibrium...

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A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION
WEEKLY SUPPLEMENT