Forget the Euro. The dollar is losing ground to the Peso

[NNN0LHI]

http://news.google.com/news?sourceid=navclient&ie=UTF-8&rls=HPIA,HPIA:2006-34,HPIA:en&q=dollar%2Bpeso&um=1&sa=N&tab=wn

Results 1 - 10 of about 840 for dollar peso. (0.60 seconds)

Peso pulls back to 40.48:$1 amid political jitters
Inquirer.net, Philippines - 4 hours ago
MANILA, Philippines -- The peso reached a new eight-year high of 40.25 to the dollar during trading Thursday on strong dollar inflows from foreign investors ...
Philippine peso at fresh 8-yr high vs dollar as central bank stops ... Forbes
Peso surges to 40.33:$1 on strong inflows Inquirer.net
Peso advances to 40.33:$1 Manila Standard Today
Inquirer.net - AHN
all 13 news articles » PSE:PSE
Chile Peso Rises to Nine-Year High on Bets Fed Will Cut Rates
Bloomberg - 3 hours ago
The peso advanced the most since Jan. 24, rising to 456.2 per dollar at 11:55 am New York time from 462.76 yesterday. The currency touched 455.12, ...
Colombia's Peso Rises to Eight-Year High on Rates, Investment Bloomberg
all 5 news articles »

RTT News Greenback Declines To Fresh Multi-year Low Versus Colombian Peso
RTT News, NY - 2 hours ago
2/28/2008 3:14:21 PM During Thursday's afternoon New York deals, the US dollar declined to a new multi-year low versus the Colombian peso. ...
Australian Dollar Rises To 5-week High Versus New Zealand Dollar RTT News
US Dollar Slips Further Against Most Majors RTT News
Greenback Declines To New Multi-year Low Against Colombian Peso RTT News
RTT News - RTT News
all 26 news articles »
Survey: Further rise of peso may hurt outsourcing sector
Manila Bulletin, Philippines - 3 hours ago
A new survey hinted at this possibility even as it found that the increase in the value of the Philippine peso against the US dollar has so far not yet ...
BPOs can be competitive at P25-P37:$1, say execs Inquirer.net
BPO industry to suffer if dollar slides down to P37--survey Inquirer.net
Philippines: Expansion Plans By Call Center Affected By Peso Rise Pacific News Center
all 5 news articles »
Chile peso closes at fresh 9-year high; stocks slip
Reuters - 4 hours ago
The Chilean peso CHILJ strengthened 1.38 percent to 456.00/456.30 per dollar, compared with the prior session's close at 462.30/462.60. ...
Chile stocks slip on US data; peso firms Reuters
Chile stocks edge up amid earnings, peso firms Reuters
Chile stocks ease on US inflation data, peso gains Reuters
Reuters
all 11 news articles »

ABS CBN News Peso hits 8-yr high, capped by politics
ABS CBN News, Philippines - 19 hours ago
The peso hit a fresh eight-year high against the US dollar on Thursday as dollar weakness spurred investors to buy the high-yielding currency, ...
US dollar plunge sends Asian currencies surging; some central ...
International Herald Tribune, France - Feb 27, 2008
Inspired by the US dollar's drop to a new record low against the euro, investors bid up the Philippine peso, Malaysian ringgit, New Taiwan dollar and others ...
Dollar Tumbles Against Asian Currencies Houston Chronicle
Dollar-bloc Currencies and Swiss Franc Approaching Par-Value Sovereign Society
Taiwan dollar, rupiah ride on inflows in Asia Inquirer.net
Inquirer.net - Bloomberg
all 27 news articles »
Asians feel the pinch as inflation heats up
Inquirer.net, Philippines - 12 hours ago
The peso rose to as high as 40.25 to the dollar in early trade Thursday, its strongest level since January 2000, reflecting a broadly weak greenback and ...

RTT News Greenback Drops To Multi-year Low Versus Chilean Peso
RTT News, NY - 7 hours ago
The dollar staged a sharp fall versus the Chilean peso during early New York hour and reached to its multi-year low level at about 8:50 am ET today. ...
Forex - US Dollar Sets Fresh Multi-year Low Versus Colombian Peso ... RTT News
all 24 news articles »
Dollar Slips To 13-day Low Against Philippine Peso
RTT News, NY - Feb 24, 2008
Thereafter, the dollar-peso pair reversed its direction and held steady near last week's close of 40.3750. 2/24/2008 10:01:58 PM During early Asian deals on ...

[Booster]

1. Maybe this is a master plan by Bush to solve the immigration

problem. Damn, maybe he really is a genius.

[lonestarnot]

12. Yeah and he doesn't know gas could hit $4.00/gal. but he's been study'n it.

Snort.. :rofl:

[Pab Sungenis]

2. Forget the Peso, we're below par to the LOONIE.

The Canadollar is worth more than the US Dollar.

At 6 PM 2/28 according to XE.com, $1 US = $1.02433 CAN.

[NNN0LHI]

3. Never thought I would see that happen

[NinetySix]

13. You think THAT'S something,

you should have seen the old Loonie go last November. For an extended period of time, the Loonie was worth over $1.05 US, and at one point, briefly exceeded $1.10 US. But that's nothing. Just watch what happens to the Greenback in 2008....

[aint_no_life_nowhere]

4. Are we able to export more products now to the world?

Or are we even making products now that the world wants to buy, since shipping our manufacturing jobs overseas?

[my2sense]

5. That's What I Thought

Do we even make products anymore?

:crazy:

[Richard Steele]

6. Nope. That would require a flexible and responsive "manufacturing sector"...

And ours is pretty much "pining for the fjords" these days.

[JohnyCanuck]

7. Jim Kunstler: "We are a much poorer nation than we thought we were."

From the latest entry on his blog (his predictions sound pretty grim):

We are a much poorer nation than we thought we were and the reality is just too hard to face. Nobody from the most august banker (Treasury Secretary Hank Paulson) to the lowliest wanker (the WalMart inventory clerk who "bought" a house outside Phoenix with a no-money-down, payment-option, adjustable rate mortgage) can believe that this is happening. The candidates for president are pretty much assuming that vast financial resources will exist to be deployed against a range of problems. Everybody is going to be hugely disappointed.

When you introduce perversities into an economic system, they invariably end up expressing themselves as distortions. The economy that evolved the past two decades, driven by the perverse securitization of wishes and frauds, will now express itself in a stark cratering of American living standards. Incomes and jobs will vanish, massive quantities of stuff will collect dust on the WalMart shelves, the fragile infrastructures of daily life will go to shit, and there will be political hell to pay. Every attempt to avoid a straight-up workout of our massive losses, will represent another layer of perversity and more consequent destructive distortions.

I feel sorry for the next president. Even as he takes his oath of office, the nation will be flying apart like a seized-up engine. Since the fiasco in finance is happening in lock-step with Peak Oil (and very likely because of it at a fundamental level) we can expect one of the distortions to take the form of oil shortages. These shortages will come not just from demand bottlenecks in a stressed-out world oil allocation system, but because exporting nations will start demanding payment in Euros or something besides the depreciating currency that reflects our disintegration, and we'll have a problem coming up with payments that amount to at least fifty percent more than we're used to shelling out.

Once the US gets into serious difficulties with our oil supplies. every other sector of the economy wobbles, including especially the food-growing sector, which cannot function without copious amounts of diesel fuel and hydrocarbon-based soil "inputs." Americans will go hungry, and not just the "underclasses."

http://jameshowardkunstler.typepad.com/clusterfuck_nation/2008/02/still-pretendin.html

[JerseygirlCT]

8. That would put a whole new twist on the RW immigration fuss

wouldn't it?

Suddenly there are scads of US folks trying to get into Mexico for work...

Unbelievable, really, what a total mess has been made of the country in 7 short years.

[AwakeAtLast]

9. Well that settles it - we are definitely not in a recession.

:eyes:

[localroger]

10. Yep -- it's a full-blown DE-pression.

Too bad there's no FDR-like figure on the horizon to inspire us to ... oh wait.

[lovuian]

11. this has been the plan Bankrupt america so that

North American Union can be established to compete with EUropean Union

[Art_from_Ark]

14. Not just "the" peso, but "pesos"

Colombia, Chile, Mexico

For what it's worth-- "The" peso usually means the Mexican peso.
The Philippine currency is more properly called the "piso"

[RB TexLa]

15. greater equalization of world currencies is a good thing

[soothsayer]

16. The peso is the next to be propped up. We'll all soon be on the Amero with

our northern and southern neighbors. all part of the plan.

[windbreeze]

17. damn, you beat me to it...

when we get parity with the peso....is when the axe falls...when we see the Amero, and the NAU...come into being...yep...plotted and planned every step of the way...wb