Friday, Nov 24, 2006
More trouble for the dollar
BBC: Dollar loses ground against euro
The dollar has plunged to its lowest level against the euro since April 2005 amid concerns for the US economy
Posted by holding out @ 10:18 AM (156 views) Add Comment
2 Comments
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1. tyrellcorporation said...
Now ths is getting interesting... keep a close eye on the development of a trend in the weakening of the Dollar. Maybe things are starting to unwind...finally!
2. harold said...
Interesting to see that the £ has also lost ground to the € - an indication, perhaps, that the fate of the £ is linked to that of the $, as is the British economy. Don’t imagine the Fed will be thinking of cutting rates soon, if at all. The dollar’s demise just goes to show that the US interest rate policy over the last 5 years has been hopelessly low and hopelessly wrong. Storm clouds are brewing for us all.