Dollar recovers vs euro

[Train]

Text

Voodoo economics at its finest, all this guy does is speak positively about the dollar and it jumps back up.

NEW YORK, Nov 8 (Reuters) - The dollar rebounded from record lows against the euro on Monday, after European Central Bank President Jean-Claude Trichet spoke out against the swift pace of the single currency's recent climb.

 

[ElFenix]

Originally posted by: Train
Text

Voodoo economics at its finest, all this guy does is speak positively about the dollar and it jumps back up.

NEW YORK, Nov 8 (Reuters) - The dollar rebounded from record lows against the euro on Monday, after European Central Bank President Jean-Claude Trichet spoke out against the swift pace of the single currency's recent climb.

it's only voodoo if you don't know what the president of the european central bank could do.

 

[Train]

Originally posted by: ElFenix

Originally posted by: Train
Text

Voodoo economics at its finest, all this guy does is speak positively about the dollar and it jumps back up.

NEW YORK, Nov 8 (Reuters) - The dollar rebounded from record lows against the euro on Monday, after European Central Bank President Jean-Claude Trichet spoke out against the swift pace of the single currency's recent climb.

it's only voodoo if you don't know what the president of the european central bank could do.

oh im sure he could do quite a lot, its just that too many people are affected by how they "feel" about a certain market/commodity

 

[ElFenix]

Originally posted by: Train

Originally posted by: ElFenix

Originally posted by: Train
Text

Voodoo economics at its finest, all this guy does is speak positively about the dollar and it jumps back up.

NEW YORK, Nov 8 (Reuters) - The dollar rebounded from record lows against the euro on Monday, after European Central Bank President Jean-Claude Trichet spoke out against the swift pace of the single currency's recent climb.

it's only voodoo if you don't know what the president of the european central bank could do.

oh im sure he could do quite a lot, its just that too many people are affected by how they "feel" about a certain market/commodity

futures are all about feel and guesswork

 

[Stunt]

It's kinda stupid though...all the first world nations are being punished for the US's horrid fiscal state.

Our currencies are worth too much and the demand for products is lessening.

Hopefully we will see this balance restore itself...

 

[Train]

Originally posted by: Stunt
It's kinda stupid though...all the first world nations are being punished for the US's horrid fiscal state.

Our currencies are worth too much and the demand for products is lessening.

Hopefully we will see this balance restore itself...

ya I agree the whole game of currency markets is sorta BS. Someone remind me why we went off the gold standard again?

 

[ElFenix]

Originally posted by: Train

Originally posted by: Stunt
It's kinda stupid though...all the first world nations are being punished for the US's horrid fiscal state.

Our currencies are worth too much and the demand for products is lessening.

Hopefully we will see this balance restore itself...

ya I agree the whole game of currency markets is sorta BS. Someone remind me why we went off the gold standard again?

it was insupportable and pointless

 

[Stunt]

Originally posted by: Train

Originally posted by: Stunt
It's kinda stupid though...all the first world nations are being punished for the US's horrid fiscal state.

Our currencies are worth too much and the demand for products is lessening.

Hopefully we will see this balance restore itself...

ya I agree the whole game of currency markets is sorta BS. Someone remind me why we went off the gold standard again?

gold is in limited supply...and we have different currencies such that idiots in other countries cant overproduce to fund their economy...and countries are less effected by another country's mistakes.

However...when the world's only superpower slips...it drags the rest with it somewhat.

 

[Infohawk]

Why is Bush selling out our fiscal policy to the Europeans!!!!! Oh noeeeeees! It's a global standard! He is getting our approval for the dollar from the French.

j/k but that's how some people sound here...

 

[ElFenix]

Originally posted by: Infohawk
Why is Bush selling out our fiscal policy to the Europeans!!!!! Oh noeeeeees! It's a global standard! He is getting our approval for the dollar from the French.

j/k but that's how some people sound here...

strangely enough, most of the sky is falling crowd seem to agree with you

 

[rufruf44]

Tricheet is the only one going on record against the fall of Dollars. The other Central Bank remains quiet. I bet we will hit 1 EURO = 1.5 USD before thing stabilizes.

 

[Engineer]

Dollar at another all time low vs Euro....Trade Deficit sparks dollar decline again.....

 

[ntdz]

good news, the trade deficit wasnt as bad this quarter/month (i forgot how they measured it), on record exports.

 

[Engineer]

Originally posted by: ntdz
good news, the trade deficit wasnt as bad this quarter/month (i forgot how they measured it), on record exports.

It was still 51 BILLION dollars. I'm not sure that you can call that good news...other than it had a small downturn. Oil will drive the TD to much higher levels as time goes on!

 

[Drift3r]

Originally posted by: Engineer

Originally posted by: ntdz
good news, the trade deficit wasnt as bad this quarter/month (i forgot how they measured it), on record exports.

It was still 51 BILLION dollars. I'm not sure that you can call that good news...other than it had a small downturn. Oil will drive the TD to much higher levels as time goes on!

It's good news when you are spinning a negative into a positive...ie...Political DoubleSpeak.