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Dollar falls to record euro low




Topic started on 26-2-2008 @ 06:39 PM by Jazzyguy


Dollar falls to record euro low


news.bbc.co.uk

After figures showed a sharp rise in US home foreclosures and another fall in American consumer confidence, the euro hit an all-time high of $1.50.

Traders say the Federal Reserve may have to cut interest rates again, which would further undermine the dollar.

Meanwhile, US crude oil rose $2.20 to a fresh record of $101.43 a barrel.
(visit the link for the full news article)


Related News Links:
www.bloomberg.com



reply to this post:   copyright & usage 


reply posted on 26-2-2008 @ 06:39 PM by Jazzyguy


I have stated before as long as the dollar and oil price hold, the US will be okay. This news isn't a good news.

What I don't understand is, why there are some people who easily dismiss the sign as it isn't a big deal. It's not automatically a depression, but it is a big deal.

And when things are starting to go bad, they seem to be caught by surprise?? And say things like, " How could it be this bad" or "How does this happen". That's just silly.

news.bbc.co.uk
(visit the link for the full news article)



reply to this post:   copyright & usage 










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