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Posted: Nov 26 2007, 10:42 AM
Member No.: 378
Joined: 20-October 06
The dollar is weaker against the euro Monday, though still far from last week's record low, while the greenback is gaining against the yen.
The euro was at $1.4842 from $1.4838 late Friday, while the dollar was at 108.21 yen from 108.32 yen. The U.K. pound was at $2.0663 from $2.0609, while the dollar was quoted at 1.1026 Swiss francs from 1.1023 francs.
Whole story at The Wall Street Journal Online
Posted: Nov 27 2007, 02:36 AM
Member No.: 3,952
Joined: 15-April 07
The extra bad news is that the Euro like all paper currencies is also becoming more and more worthless. The dollar is just collapsing faster because we have much better printing presses that can run 24hrs and day without over-heating.