The U.S. Dollar takes a nose dive against all major currencies..

[whistle]

...Bush has feed the nation a vat of poison Kool Aid


........USD.......GBP.......CAD........EUR........AUD
USD 1.000000 1.90659 0.806321 1.320790 0.786002
GBP 0.524494 1.00000 0.422910 0.692751 0.412253
CAD 1.240200 2.36456 1.000000 1.638050 0.974800
EUR 0.757117 1.44351 0.610479 1.000000 0.595096
AUD 1.272260 2.42569 1.025850 1.680400 1.000000

Wednesday, February 23, 2005
(USD=US Dollar; GBP=Great Briton Pound; CAD=Canadian Dollar; EUR=EURO; AUD=Australian Dollar)

Here is the editorial take on this situation from the New York Times:

<link> http://www.nytimes.com/2005/02/24/opinion/24thu1.html?th

[German-Lefty]

1. Why didn't you post this in the econ section.

I'd bet against the dollar right now. The money supply has gone up 40% since 2000.

[whistle]

2. Sorry, I didn't think of that....

[HereSince1628]

3. This is Bush strateegery

The USD has further to go...say until the USD is .67 of the Euro.
At that point China will uncouple their currency from the dollar,
At that point America will begin to look with envy at Argentina,
At that point Americans will be so desperate they'll throw off all those leftist regulations that have stiffled America's greatness in the past 25 years.

And BTW don't forget to invest in US Treasury Notes...they are as sound as America.

[cthrumatrix]

4. but but Korea said that wouldn't "sell dollars".... (note ....no buying )

[Sven77]

5. dubya's plan

is this to increase exports ? while imporvierishing americans

[BeatleBoot]

6. It's All Clinton's Fault

Don'cha know...

[xchrom]

7. fine and dandy

uh - not so much.