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But it has been declining against the euro.
Even before the latest sanctions, the Syrian pound was declining against the dollar.
And with the dollar's value declining against other currencies, Chinese buyers can afford more of Staco's gear, as its prices are increasingly competitive with European companies' products.
That way, when almost all of his income was in dollars, and they were declining against the pound, his income did not suffer.
But world markets, in which the dollar is steadily declining against the euro, are already showing a deepening suspicion about President Bush's policy of budgeting by deficit and debt.
Real interest rates are headed much further south and the value of those currencies is declining against other countries that display better monetary discipline.
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On Tuesday, the dollar declined against other major currencies.
Mr. Krygier also expects the euro to decline against the British pound and Scandinavian currencies.
It's also interesting to ask who the dollar declined against.
WHO BUYS IN PARIS As apartment prices in Paris shot upward the American dollar declined against the euro.
The dollar, which was at record lows, rose against the euro but declined against the yen and the British pound.
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