dollar drops in value for seventh time in four years


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dollar drops in value for seventh time in four years
11.24.04 (8:26 pm)   [edit]

The dollar has dropped in value against the Euro again, for the seventh time in four years.


http://www.thehollandsentinel.net/stories/111804/bus_11 1804041.shtml" title="http://www.thehollandsentinel.net/stories/111804/bus_11 1804041.shtml" target="_blank"http://www.thehollandsentinel...
"The U.S. dollar plunged to a new low against the euro Wednesday as markets shrugged off Washington's insistence that it is committed to a strong dollar. And with the causes of the drop -- worries over oil prices and the U.S. trade and budget deficits -- not going away, some economists see the euro soaring to $1.35 or beyond."


I believe this reinforces the message I have been repeating for over a year now...i.e., that this economy in the US, is in great trouble.

 
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