Can someone translate this? I think it says the US dollar is in trouble.

[hedgehog]

http://www.dailyfx.com/forex/fundamental/article/weekly_strategy_outlook/2011/05/23/forex_strategy_trading_us_dollar_euro.html?CMP=SFS-70160000000L814AAC

[woolldog]

1. breakout means

when an asset is trading in a range and suddenly breaks that range up or down in price and begins a sustained move in that direction.

In the case of the dollar against the canadian dollar and euro, that means they're expecting the dollar will weaken substantially.

But I wouldn't be too worried. In the foreign exchange market 4-5 pennies change in the exchange rate can be considered a huge move, because a lot of the trading is done on margin. So a move in eur/usd from 1.44 to say 1.55 in a week would be considered a huge move. Would that make a big impact on you as a tourist or consumer? Not that much.

[gateley]

2. I think it means this:

[Skip_In_Boulder]

3. I think they are trying to say this.

NEW YORK (CNNMoney) -- The U.S. dollar lost ground against all of its main trading partners Tuesday, amid growing fears that America's credit rating could be downgraded for the first time ever.
The greenback fell against the euro, Japanese yen, British pound, Swiss franc, Chinese yuan, Australian dollar, Canadian dollar and Mexican peso.

Investors worldwide shunned the U.S. currency, as politicians in Washington remain at odds over a plan to raise the nation's federal borrowing limit.

Or to put it in other terms, the damage being done by the Republicans to our country is already beginning.

http://money.cnn.com/2011/07/26/markets/dollar/index.htm

[hedgehog]

4. Thanks to you all for confirming what I thought. Why isn't this big news?

Or isn't it news until the price of everything we import spikes?

[Skip_In_Boulder]

5. It doesn't become big news until

It starts hitting people in the ass which, if we keep going down this road, is in the not to distant future.