Falling dollar leads to Irish job losses

It is a real reflection of the global nature of economic forces that the inability of some people in the US to pay their mortgages is prompting Irish exporting companies to appraise how many people they employ.

21st July, 2007

It is a real reflection of the global nature of economic forces that the inability of some people in the US to pay their mortgages is prompting Irish exporting companies to appraise how many people they employ.

As the dollar fell through the $1.38 to the euro mark last week there is little sign of the decline abating. The falling dollar is putting renewed pressure on Irish exporters.

Long-term concerns about the US trade deficit are...

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