Euro surpasses 1.50-dollar mark for first time
Do you still think of any major oil company as
"American"?
The euro has broken the 1.50-dollar mark for the
first time ever in the wake of lackluster US economic reports that renewed fears
the American economy could be falling into a
recession.
The dollar fell to a record low against the single European currency in electronic trading in New York as traders continued assessing the latest economic readings.
An influential survey, released earlier Tuesday, on US consumer sentiment during February delivered fresh ammunition to market forecasters who are predicting a recession…
The survey showed the confidence of American consumers had slumped to its lowest level since November 1993, with the exception of polling conducted as US forces toppled the government of former Iraqi dictator Saddam Hussein five years ago.
Want some really fuzzy logic from whomever you’re voting for, this November?
Ask how this event balances alongside the market prices for oil - and the fact that sooner or later the bulk of oil futures will be in euros rather than dollars?
The dollar fell to a record low against the single European currency in electronic trading in New York as traders continued assessing the latest economic readings.
An influential survey, released earlier Tuesday, on US consumer sentiment during February delivered fresh ammunition to market forecasters who are predicting a recession…
The survey showed the confidence of American consumers had slumped to its lowest level since November 1993, with the exception of polling conducted as US forces toppled the government of former Iraqi dictator Saddam Hussein five years ago.
Want some really fuzzy logic from whomever you’re voting for, this November?
Ask how this event balances alongside the market prices for oil - and the fact that sooner or later the bulk of oil futures will be in euros rather than dollars?
Posted: Wed - February 27, 2008 at 06:24 AM