THE DATA RELEASED last week showing that America’s trade deficit hit still another record in November startled those who have been expecting the shrunken dollar to shrink the deficit, and soon. The $60.3 billion recorded in November, a jump of 7.7 percent from the October level, appalled those economists who have been forecasting a drop in the deficit. And it upset those in Europe who are hoping that the dollar will strengthen, making export goods from the eurozone more competitive.
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