US recovery takes root despite job losses

IT looks as if the meteoric rise of the euro against the dollar may be over. While the Bush gang favoured a weaker dollar, the fall to $1.29 to the euro puzzled some.

Up to a week ago, it still looked as if the dollar might tank and fall to as low as 1.40 or worse.

Concerns about economic recovery in the US, apart from the weak dollar policy of the Bush administration, advanced its slump.