CorrenteCeci n'est pas une caption.
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Alex Horton's tour in Iraq is over. Go read his daily witness to the war in which he served. Army of Dude -- and be prepared to weep.
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NEW YORK, Sept 20
NEW YORK, Sept 20 (Reuters)
Submitted by Anonymous on 20 September 2007 - 2:53pm.
NEW YORK, Sept 20 (Reuters) - The dollar fell to a record low against the euro on Thursday and reached parity with the Canadian currency for the first time in 31 years on expectations of more cuts in U.S. interest rates after this week's sharp reduction.
The dollar breached the key $1.40 level against the euro in early European trade, sparking a broad-based euro rally that continued into the New York session. The euro zone single currency also rose above 70 pence against sterling for the first time in one and a half years.
The Canadian dollar briefly reached parity with the U.S. dollar for the first time since 1976, supported by lofty commodity prices, a strong domestic economy and concerns about the U.S. economic slowdown. The dollar is also trading at a two-and-a-half-year low against the Swiss franc.
The Federal Reserve on Tuesday slashed rates by a half percentage point to 4.75 percent to shield the U.S. economy from a deepening housing slump and credit market turbulence.
"This is a continuation of selling seen after the Fed's rate cut, and with the dollar index closing in on all-time lows, people are looking for reasons to target that level," said Matthew Strauss, senior FX strategist at RBC Capital Markets, Toronto. "People are convinced the Fed will have to cut by more than 50 basis points."
NEW YORK, Sept 20
NEW YORK, Sept 20 (Reuters)
Submitted by Anonymous on 20 September 2007 - 2:53pm.
NEW YORK, Sept 20 (Reuters) - The dollar fell to a record low against the euro on Thursday and reached parity with the Canadian currency for the first time in 31 years on expectations of more cuts in U.S. interest rates after this week's sharp reduction.
The dollar breached the key $1.40 level against the euro in early European trade, sparking a broad-based euro rally that continued into the New York session. The euro zone single currency also rose above 70 pence against sterling for the first time in one and a half years.
The Canadian dollar briefly reached parity with the U.S. dollar for the first time since 1976, supported by lofty commodity prices, a strong domestic economy and concerns about the U.S. economic slowdown. The dollar is also trading at a two-and-a-half-year low against the Swiss franc.
The Federal Reserve on Tuesday slashed rates by a half percentage point to 4.75 percent to shield the U.S. economy from a deepening housing slump and credit market turbulence.
"This is a continuation of selling seen after the Fed's rate cut, and with the dollar index closing in on all-time lows, people are looking for reasons to target that level," said Matthew Strauss, senior FX strategist at RBC Capital Markets, Toronto. "People are convinced the Fed will have to cut by more than 50 basis points."
The city so nice they named it twice?
[Rimshot. Laughter.]
We. Are. Going. To. Die. We must restore hope in the world. We must bring forth a new way of living that can sustain the world. Or else it is not just us who will die but everyone. What have we got to lose? Go forth and Fight!—Xan
What? Where? Walla Walla?
A Quick Study, But A Slow Learner
Look upthread, Woody
I've always loved that joke, so I left the duplicate comments in place.
We. Are. Going. To. Die. We must restore hope in the world. We must bring forth a new way of living that can sustain the world. Or else it is not just us who will die but everyone. What have we got to lose? Go forth and Fight!—Xan