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The danger of the falling dollar

New Treasury Secretary Snow adds to the currency's woes, which could be trouble for the economy. March 5, 2003: 5:40 PM EST By Mark Gongloff, CNN/Money Staff Writer

NEW YORK (CNN/Money) - The once-proud U.S. dollar, battered and bruised in the past year, took another punch from new Treasury Secretary John Snow Wednesday, raising the chance that the greenback's stumble could impact U.S. and global economies -- for better or worse.

The dollar, long the currency of choice for global investors, particularly during the stock market boom of the late 1990s, has fallen about 17 percent in the past year and about 7 percent since November.

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