Dollar hits new low against euro - GoFuckYourself.com

DVTimes · 11-17-2004, 05:43 AM

US Treasury Secretary John Snow has reiterated the US commitment to a strong dollar, as the greenback hit another record low against the euro.
He told the Royal Institute of International Affairs in London that US policy "is for a strong dollar".

But his comments made little impact on the markets, and by 1036 GMT the euro was worth a record $1.303.

European policymakers have called the dollar's slide "brutal", blamingthe euro's strength for dampening growth.

'Shared responsibility'

"The question was, why do I support a strong dollar policy? The answer is because it is our policy," Mr Snow said.

"Our dollar policy remains unchanged because a strong dollar is in both the national and international interest."

He pledged to curb the US massive budget deficit - but said the size of the current account deficit at the moment was evidence of "economic strength".

But while admitting that the deficits were hampering growth elsewhere in the world, he said that a "shared responsibility" among nations is needed to solve the problem.

He praised China, saying it had moved towards market discipline for its currency.

He said China's decision to raise two key interest rates last month for the first time in nine years "represents significant steps consistent with China's move to a flexible and market-based exchange rate".

Analysts point out despite the positive comments on the dollar, President George W Bush's administration had done little to stop the currency's slide.

Some analysts maintain the US is secretly happy with a lower dollar which helps makes its exports cheaper in Europe, thus boosting its economy.

They also say the dollar is unlikely to strengthen significantly, until the US economy improves.

http://news.bbc.co.uk/1/hi/business/4019023.stm

Roald · 11-17-2004, 05:44 AM

please stfu, I am feeling a bit down already

xclusive · 11-17-2004, 05:45 AM

Well this is what we get for electing Bush...

hova · 11-17-2004, 05:48 AM

I make up for this by buying a lot of stuff online.......

Fake Nick · 11-17-2004, 05:50 AM

I think I will be buying lots of dollars !! !

Fake Nick · 11-17-2004, 05:52 AM

Quote:

Originally posted by QuaShe
please stfu, I am feeling a bit down already

yeah , it sucks in a way , but just open a bankaccount in dollars

keep them for a while and when 1 dollar is 1.3 euros again like it should be , you will be very happy

polish_aristocrat · 11-17-2004, 05:55 AM

Quote:

Originally posted by Fake Nick
yeah , it sucks in a way , but just open a bankaccount in dollars

keep them for a while and when 1 dollar is 1.3 euros again like it should be , you will be very happy

and what if you have to wait 7 years for it?

Mefo · 11-17-2004, 05:56 AM

Quote:

Originally posted by polish_aristocrat
and what if you have to wait 7 years for it?

At least 4 more years

Roald · 11-17-2004, 05:58 AM

Quote:

Originally posted by polish_aristocrat
and what if you have to wait 7 years for it?

yeah and what if it will be even lower? ;)

Peacemaker · 11-17-2004, 06:02 AM

Quote:

Originally posted by QuaShe
yeah and what if it will be even lower? ;)

even alot lower?

Fake Nick · 11-17-2004, 06:08 AM

Quote:

Originally posted by QuaShe
yeah and what if it will be even lower? ;)

I doubt that will happen , the dollar will be worth more than they euro again , it is only a matter of time

)

100,000.00 EUR = 130,248.60 USD

now, keep that 130 000 dollars until 1 dollar = 1.3 euro and you would have 170 000 euros

polish_aristocrat · 11-17-2004, 06:09 AM

Quote:

Originally posted by Peacemaker
even alot lower?

polish_aristocrat · 11-17-2004, 06:11 AM

Quote:

Originally posted by Fake Nick
I doubt that will happen , the dollar will be worth more than they euro again , it is only a matter of time )

what makes you think so ?

e-god · 11-17-2004, 06:40 AM

When they are going to end this fucking war?

I think when the war will be over (US will leave the Iraq alone) dollar will be raising. But its hard to believe that 1 dollar will be 1.3 euro

webmaster x · 11-17-2004, 06:56 AM

Quote:

Originally posted by e-god
When they are going to end this fucking war?

I think when the war will be over (US will leave the Iraq alone) dollar will be raising. But its hard to believe that 1 dollar will be 1.3 euro

it will take long before it ends. it's like a never ending cycle.

th3g4me · 11-17-2004, 07:02 AM

How about that Euro vs the GBP?

twist · 11-17-2004, 07:03 AM

Quote:

Originally posted by Fake Nick

keep them for a while and when 1 dollar is 1.3 euros again like it should be , you will be very happy

I hope i live the day...

Paul Markham · 11-17-2004, 07:26 AM

Quote:

Originally posted by allanuk

"The question was, why do I support a strong dollar policy? The answer is because it is our policy," Mr Snow said.

"Our dollar policy remains unchanged because a strong dollar is in both the national and international interest."

He pledged to curb the US massive budget deficit - but said the size of the current account deficit at the moment was evidence of "economic strength".

He says thing like this with the dollar in the toilet and the defecit growing to people who know what it's about.

They must have thought, "Another fool at the wheel best sell those dollars I was holding"

All those telling us the dollar will rise, can they give us some better reasons than Mr. Snow. Because he's not convincing anyone.

Sarah_Jayne · 11-17-2004, 07:46 AM

Quote:

Originally posted by th3g4me
How about that Euro vs the GBP?

please don't make me cry..makes me think of the USD vs the GBP which is making things very tight here.

11-17-2004, 05:43 AM	#1
DVTimes xxx Industry Role: Join Date: Jun 2003 Location: UK Posts: 31,544	Dollar hits new low against euro US Treasury Secretary John Snow has reiterated the US commitment to a strong dollar, as the greenback hit another record low against the euro. He told the Royal Institute of International Affairs in London that US policy "is for a strong dollar". But his comments made little impact on the markets, and by 1036 GMT the euro was worth a record $1.303. European policymakers have called the dollar's slide "brutal", blamingthe euro's strength for dampening growth. 'Shared responsibility' "The question was, why do I support a strong dollar policy? The answer is because it is our policy," Mr Snow said. "Our dollar policy remains unchanged because a strong dollar is in both the national and international interest." He pledged to curb the US massive budget deficit - but said the size of the current account deficit at the moment was evidence of "economic strength". But while admitting that the deficits were hampering growth elsewhere in the world, he said that a "shared responsibility" among nations is needed to solve the problem. He praised China, saying it had moved towards market discipline for its currency. He said China's decision to raise two key interest rates last month for the first time in nine years "represents significant steps consistent with China's move to a flexible and market-based exchange rate". Analysts point out despite the positive comments on the dollar, President George W Bush's administration had done little to stop the currency's slide. Some analysts maintain the US is secretly happy with a lower dollar which helps makes its exports cheaper in Europe, thus boosting its economy. They also say the dollar is unlikely to strengthen significantly, until the US economy improves. http://news.bbc.co.uk/1/hi/business/4019023.stm __________________ The Affiliate Program

11-17-2004, 05:44 AM	#2
Roald SecretFriends.com Industry Role: Join Date: May 2001 Location: IMC Headquarters Posts: 27,887	please stfu, I am feeling a bit down already __________________ WE ARE BUYING PAY SITES! CONTACT ME ClubSweethearts \| ManUpFilms \| SinfulXXX \| HOT * AdultPrime * HOT Paying webmasters since 1996! Contact: r.riepen @ sansylgroup.com \| telegram: roaldr

11-17-2004, 05:45 AM	#3
xclusive Too lazy to set a custom title Join Date: Apr 2004 Location: Buffalo, NY Posts: 35,218	Well this is what we get for electing Bush... __________________ I support MediumPimpin.com / Shemp's Outlawtgp.com /

11-17-2004, 05:48 AM	#4
hova Traffillionaire Industry Role: Join Date: Jan 2002 Location: ICQ:209371571 Posts: 22,430	I make up for this by buying a lot of stuff online....... __________________ http://traffillions.com/ Sign up and get lifetime revshare on your traffic

11-17-2004, 05:50 AM	#5
Fake Nick So Fucking Banned Join Date: Jul 2004 Location: go troll goo! Posts: 7,708	I think I will be buying lots of dollars !! ! Last edited by Fake Nick; 11-17-2004 at 05:51 AM..

11-17-2004, 06:40 AM	#14
e-god Confirmed User Join Date: Jan 2003 Location: BabeLand Posts: 1,736	When they are going to end this fucking war? I think when the war will be over (US will leave the Iraq alone) dollar will be raising. But its hard to believe that 1 dollar will be 1.3 euro __________________

11-17-2004, 07:02 AM	#16
th3g4me Confirmed User Join Date: Mar 2004 Posts: 132	How about that Euro vs the GBP? __________________ I am too good for a signature