Dollar Reaches Low Against Euro, Pound

[Yo_Mama_Been_Loggin]

How low can it go?

NEW YORK - The dollar fell to another all-time low against the euro and a 12-year low against the British pound Wednesday, as signs of strength in the British economy raised expectations of an interest rate rise.


As the dollar weakened against the euro, gold rose, hitting $454.00 on the New York Mercantile Exchange late Wednesday, up from $451.30 late Tuesday.


The euro was quoted at $1.3319 in late New York trading, but rose to a fresh high of $1.3356 later in the evening, up from $1.3280 late Tuesday. The euro, used by France, Germany and 10 other European nations, hit its previous record high of $1.3335 against the U.S. dollar on Tuesday.


Wednesday's new euro high was primarily a result of thin markets and end-of-day positioning, traders said. The dollar slide may be losing momentum, said David Durrant, chief currency strategist at Julius Baer Investment Management in New York.

http://story.news.yahoo.com/news?tmpl=story&cid=530&e=3&u=/ap/20041201/ap_on_bi_ge/dollar

[mhr]

1. Drip, Drip Bush - Dripping Our Economy Away - Maybe He Won't Return

From one of his "foreign" adventures one of these days.

Oh, but then we would have suffer through another interminable state funeral.

I can just see the Christians now proclaiming it a sign that the rapture has started.

Sorry, bad thought.

[jamesinca]

2. That was a good thought

Bush dead. That is a good thought. Let the fundies go nuts and flock to the holy land for the rapture. Two birds with one stone, that is a good thought. Now that I have said that I will sit and wait for the FBI, CIA and the Dept. of Homeland Security to knock on the door, wire tap every thing in my house and take me away for violating the Patriot Act.

[TomClash]

3. Prelude to a recession by next spring nt