Is the question, how much lower will the USD sink or how much longer can E.U. nations export their products with the Euro currency being at these highs? (not record highs yet)
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| Home Front: Economy |
| U.S.Dollar Drops to Record Low |
| 2004-11-05 |
| Nov. 5 (Bloomberg) -- The dollar tumbled to a record low against the euro after German Chancellor Gerhard Schroeder suggested he will tolerate a stronger European currency, overshadowing a surge in U.S. job growth in October. The euro's rise is ``not yet dramatic,'' Schroeder, leader of Europe's largest economy, told a press conference in Brussels. His remark followed European Central Bank President Jean Claude Trichet's failure yesterday to protest a four-week euro advance that helps offset the impact of higher oil prices. The dollar, down 5 percent in the past month against the euro, initially jumped after the Labor Department said employers added 337,000 workers in October, after a gain of 139,000 a month earlier, fueling bets the Federal Reserve will raise its benchmark interest rate twice more this year. |
| Posted by:Mark Espinola |
| #3 The Chicoms have to go even lower. |
| Posted by: anonymous2u 2004-11-05 11:23:10 PM |
| #2 Is the question, how much lower will the USD sink or how much longer can E.U. nations export their products with the Euro currency being at these highs? (not record highs yet) |
| Posted by: Mark Espinola 2004-11-05 10:59:19 PM |
| #1 George Soros, please call your broker. |
| Posted by: whitecollar redneck 2004-11-05 10:42:58 PM |