Thursday, November 8, 2007

Investors Down on the Dollar


Greenlee Gazette's editor is on vacation from Nov. 8 - Nov. 12. Posting will be lighter than usual, and commentary will be too. I'll still try to post some newsworthy items, but they'll likely be mostly excerpts and links. Stupid Monkey Planet will be filling in the gaps. Thanks!

Photo from source, International Herald Tribune

Way to go, Mr. President, you have a reverse Midas touch.

[Excerpt]

Investors agree: Anything but the dollar

In financial market jargon, a "flight to quality" when times are uncertain used to be synonymous with "buy dollars." Not anymore.

Currency traders gave the U.S. dollar a thorough pounding Wednesday and pushed the value of the euro to $1.47, the highest on record. The Swiss franc rose to a 12-year high against the dollar, and the pound climbed to the value it reached 26 years ago. . .

Read more at: International Herald Tribune

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