Dollar Pauses Near Record Low Vs Euro

[donsu]

http://story.news.yahoo.com/news?tmpl=story&u=/nm/bs_nm/markets_forex_dc

The dollar hit an eight-month low against the euro on Tuesday, coming within a cent of a record low, and set its lowest level in eight years versus Swiss franc on concerns about the U.S. economy and current account gap.

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The index has dipped almost four percent since the release of data on Oct. 14 that showed the U.S. trade deficit in August was the second-largest on record.

The dollar has been under pressure as high oil prices clouded the outlook for the world's biggest economy and raised concerns if the United States could attract enough capital to fund its growing current account deficit.

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"At this pace, I think the market will test $1.2930 quite soon."
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[On the Road]

1. Well, Europe is Certainly Out Next Summer

it's so damn expensive with the exchange rate. You can't afford to buy anything even if you can afford the plane ticket. Like living in a third world country with worthless currency.

This is not precisely a failure of the Bush administration. It's a conscious policy. There is a definite downside, however.