Dollar at record low against euro

<TABLE BORDER=0 ALIGN=CENTER WIDTH=85%><TR><TD><font size=-1>Quote:</font><HR></TD></TR><TR><TD><FONT SIZE=-1><BLOCKQUOTE>
The dollar fell to a record low against the euro on Friday, with analysts forecasting more declines to come.

Meanwhile, oil prices moved in the opposite direction, with a barrel of US light crude ending up 79 cents to $49.70 on fresh Iraqi security concerns.

With the US forces stepping up the pressure on Iraqi rebels in Falluja, Brent crude also finished up in London, gaining 41 cents to close on $46.42.

Analysts believe the US will try to keep the dollar weak to boost exports.

They point to America's giant trade deficit.

Further falls?

The US currency dropped as low as $1.2962 against the euro on Friday.

The fall came despite positive jobs data from the US Labor Office on Friday, showing that 337,000 new positions were created in the US in October - double Wall Street's expectations.

"What this (the dollar's fall) shows is that the structural problems in the US economy are completely dominating the positive cyclical news that we had today from payrolls [unemployment figures]," said Aziz McMahon, a strategist at ABN Amro in London.

"It seems now that the longer-term investors like pension funds and perhaps monetary authorities are either hedging their dollar risk or moving assets out of the United States.

"It looks like the dollar has further to fall," Mr McMahon said.

European concern

Richard Franulovich of Westpac Banking said Friday's dollar fall was "nothing short of stunning".

"This is a pretty good guide at just how entrenched negative sentiment is toward the dollar," he said.

In Europe the dollar's decline, and in turn - the euro's rise - raised fears that it will hit European exports.

The euro is now 57% above its all-time low against the dollar of 82 cents from October, 2000.

French President Jacques Chirac said he was "a little bit worried about the weakness of the dollar".

Speaking at a summit of European leaders in Brussels he hinted that the European Union should take action.

"This should provoke certain reactions on our part," he said.
</BLOCKQUOTE></FONT></TD></TR><TR><TD><HR></TD></TR></TABLE>
[addsig]

Thanks Kermit!

THis just means that I have to work another 15 years in order to save enough money to take Holiday up in North Yorkshire, and Scottland....
[addsig]

I blame current administration. Conservative obviously doesn't apply fiscally in this case. I'd rather have tax and spend liberals than just spend and spend. (Didn't we have a budget surplus it the not so distant past?)
[addsig]

<TABLE BORDER=0 ALIGN=CENTER WIDTH=85%><TR><TD><font size=-1>Quote:</font><HR></TD></TR><TR><TD><FONT SIZE=-1><BLOCKQUOTE>
On 2004-11-05 22:03, GregCook wrote:
<TABLE BORDER=0 ALIGN=CENTER WIDTH=85%><TR><TD><font size=-1>Quote:</font><HR></TD></TR><TR><TD><FONT SIZE=-1><BLOCKQUOTE>
On 2004-11-05 22:01, Brian M wrote:
(Didn't we have a budget surplus it the not so distant past?)

</BLOCKQUOTE></FONT></TD></TR><TR><TD><HR></TD></TR></TABLE>

Only "projected"......[img]/phpBB/images/smiles/icon_rolleyes.gif[/img]

Well, I guess my vacation to Paris will cost a few more bucks...hum-de-dum......
</BLOCKQUOTE></FONT></TD></TR><TR><TD><HR></TD></TR></TABLE>

I'm can't figure out why anyone would want to go to Europe anyway [img]/phpBB/images/smiles/icon_frown.gif[/img]

<TABLE BORDER=0 ALIGN=CENTER WIDTH=85%><TR><TD><font size=-1>Quote:</font><HR></TD></TR><TR><TD><FONT SIZE=-1><BLOCKQUOTE>
On 2004-11-05 22:49, Kman wrote:
I'm can't figure out why anyone would want to go to Europe anyway [img]/phpBB/images/smiles/icon_frown.gif[/img]
</BLOCKQUOTE></FONT></TD></TR><TR><TD><HR></TD></TR></TABLE>

[img]/phpBB/images/smiles/icon_confused.gif[/img]
[addsig]

<TABLE BORDER=0 ALIGN=CENTER WIDTH=85%><TR><TD><font size=-1>Quote:</font><HR></TD></TR><TR><TD><FONT SIZE=-1><BLOCKQUOTE>
On 2004-11-05 22:49, Kman wrote:

I'm can't figure out why anyone would want to go to Europe anyway [img]/phpBB/images/smiles/icon_frown.gif[/img]
</BLOCKQUOTE></FONT></TD></TR><TR><TD><HR></TD></TR></TABLE>

Well, theres the pubs of Ireland, the beer and the autobahn in Germany, the food of Italy, the women in Prague, and last but not least, our friend Kermie in England!
[addsig]

<TABLE BORDER=0 ALIGN=CENTER WIDTH=85%><TR><TD><font size=-1>Quote:</font><HR></TD></TR><TR><TD><FONT SIZE=-1><BLOCKQUOTE>
On 2004-11-05 23:44, Luv70sFords wrote:
<TABLE BORDER=0 ALIGN=CENTER WIDTH=85%><TR><TD><font size=-1>Quote:</font><HR></TD></TR><TR><TD><FONT SIZE=-1><BLOCKQUOTE>
On 2004-11-05 22:49, Kman wrote:

I'm can't figure out why anyone would want to go to Europe anyway [img]/phpBB/images/smiles/icon_frown.gif[/img]
</BLOCKQUOTE></FONT></TD></TR><TR><TD><HR></TD></TR></TABLE>

Well, theres the pubs of Ireland, the beer and the autobahn in Germany, the food of Italy, the women in Prague, and last but not least, our friend Kermie in England!

</BLOCKQUOTE></FONT></TD></TR><TR><TD><HR></TD></TR></TABLE>

oh, and there is the food in France, also like anywhere else in Europe.
The wine, the culture, the history, the ......
....
.....
(10 pages later)
.....
.....
that's it.

oh yeah "Kman", Usa is not the only country on earth/universe. [img]/phpBB/images/smiles/icon_wink.gif[/img] you need to get out of your county one day.[img]/phpBB/images/smiles/icon_rolleyes.gif[/img]



on the side
thanks Luv70sFords.[img]/phpBB/images/smiles/icon_wink.gif[/img]
[addsig]

<TABLE BORDER=0 ALIGN=CENTER WIDTH=85%><TR><TD><font size=-1>Quote:</font><HR></TD></TR><TR><TD><FONT SIZE=-1><BLOCKQUOTE>
On 2004-11-05 23:52, kermit wrote:

oh yeah "Kman", Usa is not the only country on earth/universe. [img]/phpBB/images/smiles/icon_wink.gif[/img] you need to get out of your county one day.[img]/phpBB/images/smiles/icon_rolleyes.gif[/img]



on the side
thanks Luv70sFords.[img]/phpBB/images/smiles/icon_wink.gif[/img]

</BLOCKQUOTE></FONT></TD></TR><TR><TD><HR></TD></TR></TABLE>[img]/phpBB/images/smiles/icon_confused.gif[/img][img]/phpBB/images/smiles/icon_confused.gif[/img]
Have been - Germany and England when my Dad was in USAF. My point is - why would I go somewhere I'm not wanted?? Sorry! There's alot to see here in the USA, rather spend my time ad money here.

Europe is not the only place on earth/universe.

<font size=-1>[ This Message was edited by: Kman on 11/6/04 12:09pm ]</font>

<font size=-1>[ This Message was edited by: Kman on 11/6/04 12:13pm ]</font>

<TABLE BORDER=0 ALIGN=CENTER WIDTH=85%><TR><TD><font size=-1>Quote:</font><HR></TD></TR><TR><TD><FONT SIZE=-1><BLOCKQUOTE>
On 2004-11-06 00:05, Kman wrote:

Have been - Germany and England when my Dad was in USAF. My point is - why would I go somewhere I'm not wanted?? Sorry! There's alot to see here in the USA, rather spend my time ad money here.

Europe is not the only place on earth/universe.
</BLOCKQUOTE></FONT></TD></TR><TR><TD><HR></TD></TR></TABLE>


ah you did not mention that earlier, i thought you've never been over here.
fair enough if you feel rejected i understand you don't want to spend your money over here.


[addsig]

<TABLE BORDER=0 ALIGN=CENTER WIDTH=85%><TR><TD><font size=-1>Quote:</font><HR></TD></TR><TR><TD><FONT SIZE=-1><BLOCKQUOTE>

ah you did not mention that earlier, i thought you've never been over here.
fair enough if you feel rejected i understand you don't want to spend your money over here.

</BLOCKQUOTE></FONT></TD></TR><TR><TD><HR></TD></TR></TABLE>

I don't thik it's a matter of feeling rejected, you have to want to be accepted to feel rejected. Just have no desire to go there. [img]/phpBB/images/smiles/icon_smile.gif[/img]