Dollar again at low vs. euro
Security concerns, trade gap, beef woes plague currency, which also loses ground against yen.
December 29, 2003: 8:41 AM EST
LONDON (Reuters) - The beleaguered dollar hit record lows against the euro and was down over half a percent against the yen early Monday as security
worries and concerns over the U.S. trade deficit kept the greenback under pressure.
Dealers said there were no fresh factors behind the latest dollar selloff, although some said a rise in the Nikkei share average above 10,500 was
prompting some yen-buying.
In a holiday-thinned market, the euro rose as high as $1.25 surpassing its previous all-time high of $1.2470 hit last Wednesday.
more at
money.cnn.com...
Durable goods orders plunge
November order for goods fall an unexpected 3.1% versus expectations for a 0.8% rise.
December 25, 2003: 1:29 PM EST
WASHINGTON (Reuters) - New orders for long-lasting U.S. manufactured goods plunged unexpectedly in November, falling at the steepest rate in more than
a year across a broad range of categories, a government report said on Wednesday.
money.cnn.com...
Gold drifts toward 8-year high
Precious metal rises in thin trading as dollar continues to drop against the euro.
December 29, 2003: 6:52 AM EST
LONDON (Reuters) - Gold prices inched toward an eight-year high Monday as the U.S. dollar dropped to another record low versus the euro, but the move
was exaggerated by thin trading conditions.
Dealers said they were not expecting the market to budge far from current levels until next week when more participants would return after New Year
celebrations.
more at
money.cnn.com...
Gold rising the dollar falling. Our durable goods are down which doesn’t make any sense, considering our dollar is falling. This is why I say most of
the economic forecast of a recovery are horse #. Just more propaganda. Any predictions on holiday sales? I bet they are flat and they blame the terror
alert for it.
btw. Where's all the good economic propaganda?
