The Unloved Buck: Dollar's Fall Threatens U.S. Growth and Makes Global Markets Dicey --- A 17-Nation Effort to Prop Currency Fails, Causing Jitters on Interest Rates --- New Snag in Japan Trade
A global run on the dollar, which is shaking up financial markets from Toronto to Tokyo, is bad news in nearly every corner of the world economy: It could retard America's finally strong growth and knock the wind out of the fragile recoveries in Japan and Germany.</br></br>A U.S.-led, 17-nation effort to stop the fall of the dollar failed</br></br>Friday, heightening the sense that another round of U.S. interest-rate</br></br>increases will be necessary to stabilize the currency. That, of course,</br></br>could sap confidence and slow growth in the U.S. But even if the