US Dollar Hits Record Low Against Euro

JAP said: ":angry: Many thanks to Uncle Ben and the FED for decreasing my buying power... NEW YORK (AP) -- The dollar fell to a record low against the euro for the seventh consecutive session while the Canadian dollar hit a 31-year high as inflation data raised expectations that the Federal Reserve Bank would again lower interest rates. [URL="http://biz.yahoo.com/ap/070928/dollar.html?.v=15"]http://biz.yahoo.com/ap/070928/dollar.html?.v=15[/URL]"

lil dickie said: "Canada's tourism business will plummet soon."

Corey said: "When will we really start feeling it? How long will it take? If most of our imports are from China, and China's yuan trades in tight range with the dollar, most of our imports won't change prices...so our 'purchasing strength' hasn't taken too much of a plunge. Killing the dollar helps shrink our effective deficit and gets other countries to start trading out the dollar. Once the deficit shrinks, we can start ramping up the strength of the dollar again. Believe there is a plan! (P.S. I am currently looking for effective ways to hedge my dollar losses anyway :roll:)"

lil dickie said: "Maybe Bernanke is asleep at the wheel."

Aligator said: "[QUOTE=lil dickie]Canada's tourism business will plummet soon.[/QUOTE] Heh, heh...Now that is an incredibly easy thing to predict - [B]In September![/B]:laugh: :laugh:"

Pb3190 said: "That means the Summer trip I wanted to take to Europe will cost a lot more now..."

lil dickie said: "[QUOTE=Aligator]Heh, heh...Now that is an incredibly easy thing to predict - [B]In September![/B]:laugh: :laugh:[/QUOTE] Thanks. I always go for the "no-brainer" analysis :roll: A record high Loonie + falling temps = less tourists!"

Pb3190 said: "Does this mean our tourism will rise? For some reason I have thought that many Canadians come down to Florida for vacation during their winter. I don't remember where I read that, I'll have to look around."