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[Don Bowen <don.bowen AT earthlink.net>]

At 11/30/2006, you wrote:
> They knew the Iranian Oil Bourse was approaching.

Have you been watching the Dollar fall against the Euro?  It is taking 
another beating today, it looks to be worse than last Friday.  Now Euro = 
$1.326.



Don Bowen              Awl Knotted Up                       KI6DIU
http://www.braingarage.com
My travel journal
http://www.braingarage.com/Dons/Travels/journal/Journal.html

I am omnivagant.  
> From lisakvperry AT gmail.com  Thu Nov 30 12:51:42 2006
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On 11/30/06, Don Bowen <don.bowen AT earthlink.net> wrote:
> Have you been watching the Dollar fall against the Euro?  It is taking
> another beating today, it looks to be worse than last Friday.  Now Euro =
> $1.326.


Here's a somewhat depressing article for you:

http://www.bloomberg.com/apps/news?pid=20601039&sid=a1N3wmRKPzs8&refer=home

How Long Will the Dollar Continue Its `Slow Leak?': David Pauly

By David Pauly

Nov. 30 (Bloomberg) -- The American dollar is getting as much respect these
days as U.S. war policy.

The euro, the currency used by 12 European countries, this week rose to a
20-month high of $1.3218, and it appeared only a matter of a few weeks
before the British pound hit $2 for the first time since 1992.

Currency traders and investors explained the weak dollar in simple terms.

The European Central Bank and the Bank of England were expected to keep
raising their key interest rates while the U.S. Federal Reserve was expected
next year to cut its key rate. Lower fixed-income returns in the U.S.,
coupled with a slower-growing economy, made American investments less
appealing than those in Europe. People were turning dollars into euros and
pounds to make the switch.

That reasoning seemed borne out yesterday when the dollar gained back some
ground against both the euro and the pound after a report that the U.S.
economy grew at a 2.2 percent annual rate in the third quarter, up from an
earlier government estimate of 1.6 percent.

Nobody seemed worried about the long-term health of the dollar -- but what
happens if the dollar keeps falling?

For the remainder of the article, click on the link.

http://www.bloomberg.com/apps/news?pid=20601039&sid=a1N3wmRKPzs8&refer=home