| Author | Message | ||
     Doerman |
Dollar trades at $1.28 vs Euro today and is equally strong versus other currencies. Only a couple of months ago the exchange was about 1.60 With equally depressed stock markets around the world and no significant change in the fed interest rate, does anybody know what drives this drastic change in exchange rate? | ||
| Xl1200r |
Probably the same that's dropping the price of gas - we're spending less, so less is in circulation, which makes a dollar harder to come by. My guess. | ||
| Doerman |
Reduced worldwide demand for crude affects the barrel price and the pump price. Here's my conjecture... The Dow and NASDAC is bouncing at the bottom and foreign investors are seeing a better deal here than in their own markets. Essentially because we've done something to fix the underlying credit market problems whereas other nations are faltering in that task. So is this (strengthening $) a sign that we may have turned the corner and other nations are still on a down trend in their finances? Nevertheless, this is the strangest worldwide financial climate I have ever seen. Interesting, actually. | ||
| Brumbear |
I actually sent my haus verwaldung ( maintenence) money over into my german account today as I can't wait anymore I think its as low as its going to get which means I am probably dead wrong but hey | ||
| Xl1200r |
Reduced worldwide demand for crude affects the barrel price and the pump price. More or less what I trying to get at - simple supply and demand. Had it in my head like that, just never got to the keyboard. Nevertheless, this is the strangest worldwide financial climate I have ever seen. Interesting, actually. Now if we could only get the media to report that, we'd all be rich again. |
