The depreciation of the US dollar is sparking growing jitters among US critics of the Obama administration over the potential loss of America’s reserve currency status. Economists point out that a declining dollar could prove a boon to the US economy in the absence of credible anxiety over inflation. However, Republican politicians have highlighted the dollar’s slide as evidence of waning US power, while other nations have also expressed concern about dollar weakness.
ft.com/alphaville All times are London time