Dollar Hits Record Low Against Euro

[ozymandius]

LONDON (Reuters) - The beleaguered dollar hit record lows against the euro and was down over half a percent against the yen on Monday as security worries and concerns over the U.S. current account deficit kept the greenback under pressure.

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The euro has gained almost 19 percent against the dollar since the start of the year as investors have warmed to the view that a recovering economy will not help the United States fund its current account deficit, which runs at around five percent of gross domestic product.

The discovery of mad cow disease in the United States encouraged traders to shun the greenback. U.S. officials on Sunday expanded the recall of more than 10,000 pounds of beef to eight most western states and Guam.

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A report in Monday's Financial Times quoted a senior European Central Bank official as saying the decline in the dollar had been relatively sharp and the euro's performance over the next four to eight weeks could influence the outlook on interest rates.

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[Commie Pinko Dirtbag]

1. The € 500 bill is now worth US$ 624.15

When it reaches US$ 666 THE WORLD WILL END!!!! MWAHAHAHAHA!

[The Zanti Regent]

5. I wonder when Soros is going to do the John Major on the Chimp?

He is betting Heavily against the dollar...

[tom_paine]

28. Smart bet.

Imperial Economies like Amerika do not compare favorably with the Free World overall.

But our rich guys are richer than their rich guys.

Hooray.

[the_boxer_]

17. LOL....

[izzie]

2. Face it we have moved out of the leader of the world title.

And do re-call we do not take that title it is given to us by others.Even Clinton did not do this or Bush the father. This was Jr and co that has done it.

[izzie]

3. PS this is not just the war but all the things he has done,

n/t

[xchrom]

4. but we're the world leader

in everything under the sun!
and the more i whine ''we're the greatest'' makes it so doesn't it?

[0007]

10. I think I've read that some place -

We've invented everything good.

[Commie Pinko Dirtbag]

11. So easy

Daguerre (France, photography)
Turing (UK, computers)
Marconi (Italy, radio)
Marie Curie (Poland, X-rays)
Pasteur (France, vaccination)
Mendeleev (Russia, modern chemistry)

plus some others I surely forgot. And don't get me started about the Wrights.

[wildwww2]

6. Our money is worth less throughout the world and we are in recovery?

Bu$h Inc.`s "Fuzzy Recovery" maybe? Some millionaire on T.V. told me it was real. So it must be true? Out of work people need to rise up and show the world what a lie Bu$h`s recovery is.
Peace
Wildman
Al Gore is My President

[The Zanti Regent]

7. The Republicans don't care because Jesus is coming in a week or two

Yes, Supply Side Jesus is a coming to get his People and take them away!

[Commie Pinko Dirtbag]

8. ...to work at his sweatshop in Hell! (nt)

[Stuckinthebush]

15. Snort!

I just keep laughing at an image of Supply Side Jesus!

Could someone do a quick sketch of him for me?

Oh, lord that is funny!

:D

[demnan]

19. Here:

http://www.buzzflash.com/contributors/03/09/17_franken.html

[Stuckinthebush]

21. Wow!

That was great....funny...and disturbing all at the same time!

I'm sending it to a Presbyterian Minister friend of mine. He'll love it.

Thanks, Demnan!

[amberdisc]

9. One US dollar now buys less than 0.80 Euro.

This I have been waiting for for months: US$1.25 to one euro.

It's worth bearing in mind that US$ 1.10 - 1.20 is historically fairly average (looking at the various component currencies of the euro before '99 when it came into existence).

[Turbineguy]

16. When you consider

the overal rise in prices in the EU (around 20 percent) since the introduction of the Euro, it's especially scary.

[JPace]

12. Bankrupt nations cannot afford to war anymore....

maybe that is where we are headed.

[Maeve]

13. We can't be bankrupt--we still have checks in the book!

:eyes:

[JPace]

20. Yes but will there be anyone left to cash them?

[DBoon]

23. Isn't writing bad checks a criminal offense?

Shouldn't bankrupting a country also be a criminal offense?

[DBoon]

14. Dern feminazi pinko-pacifist investors

Don't those leftist currency investors understand that WE ARE THE GREATEST!

Excuse me, I have an AM talk radio show I have to get back to....

[the_boxer_]

18. Your pills, sir?

[DBoon]

22. funny, you don't look like my maid..

n/t

[Yavin4]

24. Tons of European Tourists in NYC

I was in Central Park in NYC, and there were a lot of European tourists in the park. Must be nice. Coming to the U.S. is a very, very cheap vacation right now.

[DBoon]

26. Wait until the French start buying landmark buildings

Like the Japanese did during the 1980's!

[cliss]

25. Heh, you're right.

Soros gets to be the man of the hour. He vowed to take Bush down a few months ago. It doesn't seem like it's going to involve too much risk, either.

Some Arab countries have indicated that they might want to use the Euro in oil trading. Putin has been much more assertive about it. When they do this, the Dollar will go down the toilet.

[goforit]

27. What would happen if the dollar was worth $0.00?

It would be ugly wouldn't it.