(Australian) Dollar Opens Week Strongly

[Chicago Democrat]

Dollar opens week strongly
Nov 22 07:47
AAP


The Australian dollar opened up strongly, trading more than half a US cent firmer after it yet again visited nine and half month highs in offshore trading.


(snip)

Speaking at a European bankers' conference in Frankfurt, Dr Greenspan said foreign demand for US assets, which has supported the US dollar and financed the current account deficit, would eventually fall.

"It seems persuasive that, given the size of the US current account deficit, a diminished appetite for adding to dollar balances must occur at some point," Dr Greenspan said.

As a result the US dollar was sold off across the board with the euro trading within sight of its all time high of $US1.3074.

http://afr.com/articles/2004/11/22/1100972286669.html

[Anarcho-Socialist]

1. We'll see $1.50 to €1 within 2 years

and $2 to €1 within 4 years.

[Chicago Democrat]

2. Well I think We'll see $1.50 to €1 within 2 months!!

Basically I'm bullish on anything non-US dollar.

[VegasWolf]

3. Didn't they say that oil would never break 35 a barrel?

Bush is going to look like a total failure when the dollar collaspes.
My guess is 1.50 to 1 euro within 6 months.

[Chicago Democrat]

5. When looked at in relation to the Dollars fall,

For the rest of the world the cost of oil still is $35 a barrel, errr 35 Euros a barrell. Guess what? Only the US consumer is getting screwed for every imported item now.. The Bushies are trying to game the rest of the world and may instead cause World Wide economic collapse.

We can't bomb everyone who disagrees with us!

[scurvy_n_disastrous]

4. social security transition costs conjecture

could blow the lid off the $.
+ cost of war, + deficit(s),

—> recession... Depression? How soon?