Europe Raises Pressure on US to Halt Dollar Slide

[Silverbird]

Guy Quaden, Belgium's representative at the European Central Bank, said in an interview on Belgian radio: "Things are becoming exaggerated."

"It's up to the relevant authorities to assume their responsibilities and particularly for U.S. authorities, who repeat that they are in favour of a strong dollar but who should reaffirm their words," he said.

http://www.cnbc.com/id/23461212
['Ello, Paulson? Bush? Hello! You said you support a strong dollar. I guess you mean everyone else should do the heavy lifting and you supply the pom poms?]

[Bullitt]

IMF research indicates that if the dollar hadn't fallen from 2002 to 2007, oil prices would be $25 a barrel lower. Crude oil futures surpassed $120 a barrel this week for the first time. Commodity prices excluding fuel would be 12 percent lower, Lipsky said.

http://www.bloomberg.com/apps/news?pid=20601068&sid=a5O22outcUmM&refer=economy