Dollar Plumbs New Depths

Cybergal · Feb 27, 2008

Dollar Plumbs New Depths
2/27/08

Dollar Pushed to New Lows by Dour US Economic Reports and Expectations of Interest Rate Cut
BERLIN (AP) -- The dollar sank to new lows in Europe Wednesday following a series of dour reports on the U.S. economy and expectations that the Federal Reserve will continue slashing interest rates.

The 15-nation currency hit a series of highs, culminating in $1.5087 before falling back slightly to $1.5031, nearly a full cent more than the $1.4967 it bought in late trading in New York on Tuesday. More........
http://biz.yahoo.com/ap/080227/dollar.html
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Baack · Feb 27, 2008

OK the one positive is our exports are much easier to buy, by other countries.

China artificially keeps their currency value low for this same reason.

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