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 (460 views)
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2 Comments

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!

Friday, November 24, 2006 04:24PM Report Comment
 

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. Dont imagine the Fed will be thinking of cutting rates soon, if at all. The dollars 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.

Friday, November 24, 2006 07:26PM Report Comment
 

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