so the dow hit 14,000...how's the dollar holdin' up?

Question

no, i am not a liberal.(yawn)

Answer 1

Dropping like a rock.

Chef Trav, interest rates are low around the world. They are at their lowest in a decade. Your argument makes no sense. It's going to keep dropping as the economy slows because of housing prices dropping. Our dollar dropping means that more foreign companies and countries are going to be coming in and buying up alot of American property on the cheap.
http://www.fxstreet.com/fundamental/market-view/daily-us-forex-summary/2007-07-19.html

Answer 2

Are you an economist? Because if you were, you would know that exchange rates are based in large part on interest rate differences between countries. When one country has lower rates than another, it encourages investors to hold assets in the country with higher rates as the currency earns money faster than in another country (all other things being equal). The US has had low rates for a long period now and as a result, investors have preferred holding other countries' currency. Can you tell me what the drawbacks are to having a weaker currency than other countries? What about the positives?

Here you go, Iltrix:

http://observer.guardian.co.uk/business/story/0,,2121031,00.html

Pay attention to the third paragraph:

'Interest rates are higher around the world, and the US is no longer seen as the first port of call for cash any more.'

Answer 3

Actually its "up" or remaining even against the Euro, Yen and GBP.

Yep this is by far the "worst economy in 50 years"...oh sorry, that was the cry was when Gore was running. How about this, "Its the economy stupid"....much more appropriate since we have another Clinton in the running.

Answer 4

It gained vs teh Euro, Aussie Dollar, Canadian Dollar, lost some vs the Pound

Jul 18 - Jul 19
EUR/USD -0.022 %
CAD/USD -0.096 %
JPY/USD +0.189 %
AUD/USD -0.205 %
GBP/USD +0.215 %


hmmm 3 thumbs down when I was clearly right as shown by the rates right there.

Answer 5

Like a popsicle hell.