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Dollar at lowest vs euro, pound since last fall

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posted on Aug, 3 2009 @ 02:48 PM
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Dollar at lowest vs euro, pound since last fall


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NEW YORK (AP) -- The dollar tumbled broadly Monday, dropping to its lowest points since last fall against the euro, pound and other currencies, as signs of recovery emerged from data on manufacturing from around the world.

Stocks jumped in Europe and the U.S. Bad signals from economic reports and poor earnings tend to help the dollar as investors seek safety, often in U.S. government debt; good news and stronger equities often correspond with a drop in the greenback's value....
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posted on Aug, 3 2009 @ 02:48 PM
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So if I am to understand this article right, I am to believe that the dollar dropping is a good economic indicator? How does the downfall of the dollar and over all inflation aid in economic recovery when other countries are showing a lack in faith towards the US currency?

My personal take on this article is that it is being used as a manipulation of facts in order to ease people's minds about our actual economic state.

What I am really growing tired of is the constant back and forth stories that cancel each other out day after day in the media. We are doing good because the dollar is up, now we are doing good because the dollar is down.

It is all a bunch of manipulation.

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(visit the link for the full news article)



posted on Aug, 3 2009 @ 03:19 PM
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And yet interestingly the dollar continues to trash the British pound while itself getting trashed by the Euro, strange.

However, with the Dow showing a rise of 115 points today, things are looking to be heading in the right direction, I can live with being weak against the Euro for a while.



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