Dollar continues near record lows

[Anarcho-Socialist]

Source: BBC News

The US dollar has remained weak against both the euro and the yen in Monday trading as worries about the strength of the US economy continue.

The dollar fell to $1.4666 against the euro by early afternoon in Europe, and dropped to 110.30 yen. At the start of November, the dollar hit a record low of $1.4752 against the single European currency.

The strength of the dollar had been undermined further by weak US economic data released on Friday. As a growing number of US banks reveal their exposure to bad US mortgage debt, data on Friday showed the biggest drop in American industrial production since January.

Taken together, analysts say this suggests further cuts in US interest rates. "There are no fundamental reasons to buy the dollar," said Tsutomu Soma, senior manager of foreign securities at Okasan Securities.

Read more: http://news.bbc.co.uk/1/hi/business/7101194.stm

[bdamomma]

1. it can't get any clearer. sad

"There are no fundamental reasons to buy the dollar," said Tsutomu Soma, senior manager of foreign securities at Okasan Securities.

[Justyce]

2. Heckuva job, W!

[jojo54]

3. My first thought exactly.

He's getting exactly what he's wanted all along.

edited to remove a response that was irrelevant.

[ixion]

4. I'm not sure we can stand much more "catatrophic success"

:grr:

[Stuckinthebush]

5. The dollar is only worth .97 canadian cents now

And keeps sliding.

I just want to shake the Bush voters for allowing this imbecile to be in charge for eight years.

Morons.

[dipsydoodle]

6. You call their $ the Looney

soon they might be calling yours the Diddly-squat or maybe even the SFA.

[maxsolomon]

7. bush voters don't leave the states

it would only expand their minds, and you can't be a xenophobic, willfully ignorant yayhoo with an expanded mind.