Dollar hits new low against the Euro

[babylonsister]

Dollar hits new low against the Euro
By Mark St.Clair, Stars and Stripes
European edition, Thursday, September 13, 2007

The dollar hit a new low against the euro Wednesday amid speculation the U.S. Federal Reserve will lower interest rates as much as one-half a percentage point.

The euro peaked at $1.3889 in European trading Wednesday, up from the Tuesday New York high of $1.3832, and breaking the July 24 record of $1.3852, according to The Associated Press.

At U.S. military banks in Europe, a dollar bought .7051 euro cents on Wednesday.

Some Americans remained undaunted, while others expressed dismay.

more...

http://stripes.com/article.asp?section=104&article=48731

[RB TexLa]

1. Part of why you never hold only less than three currencies

[Double T]

2. Glad to see congress is helping our financial and economic mess........

by raising the national debt ceiling to nearly 10 TRILLION DOLLARS!!! How friggin' crazy is THAT!!!! Price of commodities continue to increase while the value of the US Dollar continues to decrease. How much longer can our phony BS economy be 'sustained'.

[uppityperson]

3. I'm on the dismay side.

[wuushew]

4. "The policy of my government is a strong dollar policy"

-George W Bush, 2004