Euro strikes six-month Dollar low!

[Dan]

The euro on Tuesday slid below 1.45 dollars for the first time since February as the market anticipated lower interest rates in the eurozone and stronger growth in the United States, analysts said. Thank G-d!

In early London trade, the European single currency dropped to 1.4467 dollars, the lowest point since February 12.

It rose from this level to trade at 1.4524 dollars in late European trade, compared with 1.4606 dollars late on Monday in London.

Elsewhere, the yen fell slightly after Monday's abrupt resignation of Japanese Prime Minister Yasuo Fukuda.

The pound meanwhile struck a record low versus the euro for the second day in a row after the Organisation for Economic Cooperation and Development (OECD) forecast a recession in Britain this year.

Sterling also reached the lowest point against the dollar for more than two years.

Part of the weakness of the euro against the dollar was explained by expectations that the European Central Bank would need to consider a cut in interest rates sooner rather than later.

[briann]

Yes, it will continue to fall for a couple years.   (Probably)

The Euro has been very overvalued... and now that Europe is falling into a recession... traders are becoming a bit fearful of their precious bubble.

I bet the next few years we will start to see another bubble created in E. Asian currencies.

[Americanhero1]

[Zionistforever]

  this is great news

[Angry Panther]

The euro on Tuesday slid below 1.45 dollars for the first time since February as the market anticipated lower interest rates in the eurozone and stronger growth in the United States, analysts said. Thank G-d!

In early London trade, the European single currency dropped to 1.4467 dollars, the lowest point since February 12.

It rose from this level to trade at 1.4524 dollars in late European trade, compared with 1.4606 dollars late on Monday in London.

Elsewhere, the yen fell slightly after Monday's abrupt resignation of Japanese Prime Minister Yasuo Fukuda.

The pound meanwhile struck a record low versus the euro for the second day in a row after the Organisation for Economic Cooperation and Development (OECD) forecast a recession in Britain this year.

Sterling also reached the lowest point against the dollar for more than two years.

Part of the weakness of the euro against the dollar was explained by expectations that the European Central Bank would need to consider a cut in interest rates sooner rather than later.

Amsterdam here I come! yee haw! 

  <------------ what my eyes are going to look like after i arrive in Amsterdam.

just kidding 

[P J C]

I can't care less about the value of the euro.

[Americanhero1]

DOWN 

[Dan]

I can't care less about the value of the euro.

I don't know where you live but Europe has great influence on our economy and vice versa, a weak dollar is NEVER a good sign and we should never tolerate our government persuing this type of treasonous policy.