28 September 2007

Dollar Falling off a Cliff

We have another new low for the dollar. It hit $1.4234:€1.00 this afternoon. Its previous high was $1.4189:€1.00.

It was only a week or so ago that it broke $1.40:€1.00, this is a precipitous drop, and it will eventually force interest rates up...a lot.

0 comments :

Post a Comment