While U.S. and European officials this weekend squabbled over the specifics of an economic recovery plan, China took another step to ensure long-term economic growth by inking another multibillion-dollar deal with Africa.
Finance ministers from the Group of 20 (G20) met over the weekend to discuss the ongoing healing process taking place in the world's financial system. Officials agreed that stimulus measures should remain in place, as the global economic recovery is still vulnerable. They also acknowledged that while the dollar is weakening, its downside risk is outweighed by the need to "continue to provide support for the economy until the recovery is assured."
Analysts say that the dollar's decline will take a back seat to the economic recovery so long as it remains orderly.