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WITH THE START OF THE SUBPRIME FINANCIAL CRISIS IN AUGUST 2007, THE DOLLAR BEGAN AN ACCELERATED DECLINE IN VALUE, FALLING BY 9 PERCENT AGAINST THE… – BUSINESS & FINANCE

With the start of the subprime financial crisis in August 2007, the dollar began an accelerated decline in value, falling by 9 percent against the euro. At that point, the financial crisis appeared to be only a U.S. problem. By mid-2008, however, the crisis spread to...