$1.60 for 1 euro NEW historic low
 

and yes, the symbolic frontier of $1.60 has been crossed

the big $1.50 was not even 2 months ago, that's 10 cents in 2 months, 20 cents in the last 5 months, it keeps accelerating, $1.70 in a month?

:Oh crap :( :helpme :sadcrying

great news, just what I wanted to hear today thnx

Oil is at 118.40$

US recession coming soon

POLICE STATE also

The dollar is at 10.36 to the mexican peso.

Amazing. 3 years ago, it was 12.50

that's probably one of the smallest drops in currencies compared to other currencies

sponsors start using regional billing

http://www.ccbill.com/beta/

be happy, you're in Holland, the Czech Kroner is even rising against the euro, it's so insanely strong

i wish i can cry:(

And it'll continue to fall... That's the saddest part.

:(

It will go up when the fed stops lowering interest rates or signals they are going to stop easing. But till then US international businesses are seeing great interest in their cheap products and services from EU countries.

Most of the US is already in a recession. :2 cents:

The real issue to our country is inflation have you noticed your grocery bill lately? And the price of gas...

True... you gotta look at a currency like the Colombian peso... went from 2500 to 1800 per USD in 2 years... even managed to keep up with the Euro.

yes, and to fight inflation, you have to raise interest rates, like the European Central Bank has just done, but the Fed is actually making inflation worse by lowering interest rates and making the dollar even more unattractive

McCain some weeks back thought it would be good if interest rates were at 0%, IDIOT then everyone will sell their dollars, jeezes and this guy might become president

Yeah, Euro went down about 15 pct. in a month or so..

So now we have dollar down about 40 pct. and Euro about 20 pct. with the same fixed expenses since we started...

Just about time to earn more I suppose..

Fed is a privately held bank, those who make their living from printing banknotes don't have care that much about prices .. :2 cents:

The fed has every cause in the world to lower the usd :

All outstanding treasury debt is denominated in USD.
All federal reserves (bullion, strategic commodity reserves, foreign bills and securities) are NOT denominated in the USD
A weaker dollar will hurt imports.
A weaker dollar will boost exports.

Weaker dollar = goodness x4.

Well you are missing one key point oil is an import. As we see there are run away prices right now. Some say prices will go over $4.00 a gallon (some places they are already). That will cause the price of shipping within the US to go up, which causes whole sale prices to go up (last month wholesale prices had historically high inflation rates) then by default that will cause retail prices to inflate.

But you are right weak dollar is good if your job is on the internets.

Yes, but I doubt they are denominated at all, I doubt any exist at all and I doubt if so, that they can be called "federal" - it's nothing federal about FED..

while average Joe is going to pay for it....productive economy and average J6P is getting squeezed in order to restore bad economy aka banking sector and wallstreet. wonderful.

CZK is one of the most appreciating currencies in the world nowadays . Buying power of USD for life necessites (food, travel costs, beer, taxi :-) etc. ) went down here around 75% in a five years as prices rose and CZK went up around 50% against USD .

Thing is, prices going up drives down consumption, which may well be the best thing that ever happened to the us. In the same ballpark as the average chunkass chick getting locked out of the fridge.

Plenty exists, the US is holding some decent reserves of gold, oil, gas, uranium, rare metals, euros, yens, rubles, etc.

Not really. Moreover, the failure of a 9/11 holocausted wallstreet to defend average joe on the economic battlefield will result in serious assraping. Vae victis, as the word goes.

We are screwed big time! Time to get my business visa for the states! No life for me in Europe anymore!!
FUCK!

you overlook the fact that the lowering of the intrest rate, make people sell their dollars, which in turn drives the dollar even more down, which makes inflation go up and purchasing power drop
+ the fact that every economist seems to be screaming that the FED needs to stop this

Manhattan baby

problem is I think under the current administration, immigration might be a bitch
immigration: "you promote porn, yes we really want you"
you: "but I make all these dollars that I will spend in the US"
immigration: "we don't need your money, we have a robust economy"

At least we're not going by inflated Zimbabwe prices.

please, don't spread that argument, some idiots actually hold on to it, you don't compare yourself to the deepest shithole and say you're better of
it holds no sense to compare the US to Zimbabwe, economically at least :winkwink:

http://biz.yahoo.com/ap/080422/dollar.html

Also notice in this article it cites the EU is having inflation issues. Inflation is very bad, not good.

So basically, a red herring and an appeal to authority.

Lower dollar is better for the fed, and thus an even lower one'd be worse ?

The fed is not atm concerned with inflation or with keeping the us consumer tickled, or even fed for that matter. The fed is atm concerned with avoiding bankruptcy. Whole other kettle of fish.

well its not the best days

It's fucking fucked.
In 1998 or so, 1 U$ DonnuT was 44 Slowak kronen.
Now it's slightly less then 20. Fuck me for not being webmastah in 1998.

it has, so the ECB is raising the interest rates to fight this, meanwhile the US has also inflation problems, but lowers the rates even more, which will make it worse

http://uk.news.yahoo.com/afp/2008041...e-5268574.html

http://www.bloomberg.com/apps/news?p...d=adfeA4rY_2yA

Inflation is going on everywhere. Not just the USA or EU.

The US dollar is fucked. Though it wouldn't surprise me if they are tanking it on purpose. It also wouldn't surprise me if once it bottoms out they "save" us and introduce the Amerio, joining USA, Mexico and Canada to have a true North American currency much like the Euro.

There is already a lot of talk about the Ameiro, and you would need something major to happen to the USD in order to dupe the American people into not flipping out when they introduce it. In fact, if they create a problem and make the people believe a new currency is the solution, they win again. Mexico would jump all over it, Canada would not be smart to do it but I'm sure we could strong arm them into it. That's what America does.

Or maybe I just need to put on my tin foil hat and quiet down.

the dollar is in the shita.

yes, wallstreet main interest after 9/11 was to defend average Joe, not to act in its self-interest :1orglaugh .
So they put J6P into the debt, they collected money from false boom period, then J6P started defaulting (nowadays) which will cause Wallstreet defaulting in the future, while the rest of J6P productive economy is going to pay for it.
Great concept.

actually, the dollar seems to have jumped up a little against the Mexican Peso. 3 days ago it was at a record low of 10.25. Yesterday it went up to 10.32

It is protecting the average joe through the very seeking it's own interest, or at least that;s what the theory says.