The U.S. Dollar is the Week's Biggest Turkey
While Americans were busy digesting their Thanksgiving feasts, the rest of the world was barfing up dollars. As a result of our massive trade deficits, foreigners certainly have their bellies full of them.
http://www.kitco.com/ind/Schiff/nov242006.html
US dollar 'will keep falling
The US dollar has reached a 'tipping point' as foreign exchange markets wake up to the threat that the Federal Reserve will have to slash interest rates in the new year to stave off recession, analysts say. After a sharp sell-off on Friday took the greenback to 18-month lows against the euro, and pushed the pound to $1.93, economists warned that there was worse to come for the US currency.
http://observer.guardian.co.uk/business/story/0,,1956925,00.html
From Information Clearing House
http://www.kitco.com/ind/Schiff/nov242006.html
US dollar 'will keep falling
The US dollar has reached a 'tipping point' as foreign exchange markets wake up to the threat that the Federal Reserve will have to slash interest rates in the new year to stave off recession, analysts say. After a sharp sell-off on Friday took the greenback to 18-month lows against the euro, and pushed the pound to $1.93, economists warned that there was worse to come for the US currency.
http://observer.guardian.co.uk/business/story/0,,1956925,00.html
From Information Clearing House
rudkla - 27. Nov, 15:14
