Some Good News: The U.S. Dollar Strengthens

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	Some Good News: The U.S. Dollar Strengthens

madame travels

10-9-2008 6:25 PM

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10-9-2008 7:45 PM

jatfla

Yes, that is good news. And the price of oil is going down. But I bet someone can find reasons why this is not good news.

10-10-2008 2:18 AM

dl211

Gas coming down, but not for long, OPEC will jump at the chance to make the same amount of money for less product by reducing their output, thus driving the price of gas back up. It will be nice when all those OPEC countries have to deal with the rest of the world instead of holding us hostage and relying on US dollars to fill their coffers.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/b0286aac-377b-426b-a1a9-be9633299921/7E1BD281-8F4A-459C-ABA1-4FB0996611B5/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://current.newsweek.com/budgettravel/2008/10/improbably_the_us_dollar_stren.html?wpisrc=newsletter" href="http://current.newsweek.com/budgettravel/2008/10/improbably_the_us_dollar_stren.html?wpisrc=newsletter" style="font-size: 11px;">current.newsweek.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://current.newsweek.com/budgettravel/2008/10/improbably_the_us_dollar_stren.html?wpisrc=newsletter">The dollar is making a comeback. It’s now <EM>somewhat</EM> cheaper for Americans to visit many foreign countries than it has been in a while</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://current.newsweek.com/budgettravel/2008/10/improbably_the_us_dollar_stren.html?wpisrc=newsletter">euro is $1.37, as of this morning. That's down from $1.44 when I was in Munich about a month ago and from record highs of around $1.60 earlier this year</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://current.newsweek.com/budgettravel/2008/10/improbably_the_us_dollar_stren.html?wpisrc=newsletter">Mexico is the cheapest it's been since 1993 with the peso at .08 cents (roughly 12 pesos to $</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://current.newsweek.com/budgettravel/2008/10/improbably_the_us_dollar_stren.html?wpisrc=newsletter">Canadian dollar, which crept above $1 in 2007, is back at 91 cents. The British pound is $1.76, and the Australia dollar has plummeted to 73 cents, just in time for spring down under</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://current.newsweek.com/budgettravel/2008/10/improbably_the_us_dollar_stren.html?wpisrc=newsletter">Among major currencies, only the Japanese yen has bucked the trend and strengthened against the dollar</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://current.newsweek.com/budgettravel/2008/10/improbably_the_us_dollar_stren.html?wpisrc=newsletter">even in a climate of panic, ongoing job cuts, and wildly fluctuating markets—triggered by the U.S. and now spreading across the globe—the dollar is still viewed as the safest currency. The <EM>New York Times</EM> recently provided <A href="http://www.nytimes.com/2008/10/06/business/06dollar.html?_r=1&ei=5070&emc=eta1&oref=slogin">helpful context</A>, crediting the phenomenon partially to faith in America’s economic and political systems</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/7E1BD281-8F4A-459C-ABA1-4FB0996611B5/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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