US economic outlook improves

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Market concerns over the strength of the US dollar were put at greater ease after the US Treasury reported strong economic growth in 2004.Although Q4 growth was slower than expected, at 3.2% as opposed to 3.5%, it still left the US economy as having grown 4.4%, which is the highest figure since 1999.The news can only bolster the confidence of a US administration that their current course of action best serves US economic interests, despite pressure from abroad over the devaluation of the US dollar, coupled with market concerns about the currency.