There was a lot of pressure on U.S. policymakers in late 1999 and into the early 2000's to decrease the value of the dollar. This pressure was coming mainly from:

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U.S. manufacturers were pressuring policymakers to decrease the value of the dollar because a stronger dollar made U.S. exports more expensive and less competitive in foreign markets. Lowering the value of the dollar would make U.S. goods cheaper abroad, potentially increasing sales and profits for U.S. manufacturers.

There Was a Lot of Pressure on U