Call for interest rate cut

"It's getting worse and it's making serious inroads into the tradables sector prospects," Mr Nana said of the rising dollar.

The dollar was close to US60 cents today after a sharp rise last weekend – close to its five-year high in July. The currency is 50 per cent up from its level in April 2001.

Other economists see the dollar rising to about US64 cents, though the tim...