Dollar falls to record euro low

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.

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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
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