BBC: Dollar plunges on world markets

[Eugene]

Last Updated: Wednesday, 29 November 2006, 09:00 GMT

Dollar plunges on world markets

The dollar has continued its recent decline, falling to fresh 20-month
lows against the euro as concerns grow about a US economic slowdown.

In early Wednesday trading in the Far East, the dollar was hovering
at about $1.32 against the euro, and also down against both sterling and
the yen.

The dollar's continuing weakness came after US data showed a fall in both
the price of goods and consumer confidence.

Analysts now predict US interest rates will have to be cut early next year.

-snip-

Full article: http://news.bbc.co.uk/2/hi/business/6194490.stm

[malaise]

1. Well they should keep Bush at home

Everytime that delusional, war criminal opens his mouth it spells disaster somewhere.

[rpannier]

2. The won is the strongest it's been vs the dollar in about a decade

I sent home money today and it was great.

(sorry, schadenfreude I know.)

[Eurobabe]

3. Holy BATSHIT!

30% discount on everything in the USA!! Fire sale!!

[ProdigalJunkMail]

5. that's the truth

our company has a major office in the UK and now when the Brits come for a visit to their American bretheren they spend like mad. My boss (he is based in the UK) nearly had me waiting outside of Best Buy for HIS PS3...

sP

[Eurobabe]

7. For the Brits it's a perpetual 50% off sale!

I'm thrilled with our measley 30% gain with our euros...now if we had only had the foresight to move our savings to Eurozone some months back. Sigh.

[aquart]

4. Walmart ain't gonna seem so cheap now.

This could cripple the bastards.

[wakeme2008]

6. Just got off a upscale cruise line (Seabourn) and it was

filled with Brits. With the Pound strong and dollar weak, they got the cruise on fire sales...

[no_hypocrisy]

8. Republican talking points. Falling dollar is a good thing.

1. Correction of the currency markets.
2. Now foreigners can afford to buy the products we no longer manufacture.
3. Imports are more expensive, forcing Americans to buy, well, American. See last part of #2.
4. It's the result of the world reacting to both Houses of Congress going to the democrats.

[nebenaube]

9. Like that's why it was 2:1 in 2002? n/t