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IrateCitizen Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-05-04 01:16 PM
Original message
Dollar just hit new low vs. Euro...
So, it seems that some think that the US economy is stronger than many believe, but there are plenty in the financial world who see big warning signs on the horizon. Thoughts, anyone?

Dollar Hits All-Time Low Against Euro

By MATT SURMAN, Associated Press Writer

BERLIN - The U.S. dollar hit an all-time low against the euro Friday, shrugging off positive U.S. employment data and falling on worries about oil prices and concern over the U.S. budget deficit.

SNIP...

Oil prices, which remain relatively high despite a more than 10 percent pullback in recent days, have raised doubts about the strength of the U.S. economy, adding new concerns on top of high U.S. trade and budget deficits, factors that have weighed on the dollar for months.

Economists say sentiment has turned so strongly against the dollar that positive news about the U.S. economy has little impact on its slide.

SNIP...

Commerzbank analyst Christoph Balz said he expected to see the euro rise as high as $1.31 but to settle lower in the long term.

"The U.S. economy is stronger than people think, which will lead to higher interest rates and make the dollar more attractive," he said.

READ THE REST HERE: http://news.yahoo.com/news?tmpl=story&u=/ap/20041105/ap_on_bi_ge/euro_rally
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aquart Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-05-04 01:18 PM
Response to Original message
1. We're running on fumes and the world knows it.
Hey, it's George's problem.
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el_gato Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-05-04 01:22 PM
Response to Original message
2. How does one go about investing in Euros?
anybody know?

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hunter Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-05-04 01:31 PM
Response to Reply #2
4. Buy 'em at a foreign exchange and stuff them in your mattress.
Better interest rates than a bank CD!

It's like one of those giant water slides, except you don't know where the bottom is...

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UNIXcock Donating Member (464 posts) Send PM | Profile | Ignore Fri Nov-05-04 01:33 PM
Response to Reply #4
5. Does the cost to exchange make up for the edge?
... n/t
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many a good man Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-05-04 01:35 PM
Response to Reply #2
6. Check out this
www.everbank.com
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RebelYell Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-05-04 01:28 PM
Response to Original message
3. Gold is at a new high in many years today, $433 n/t
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