Friday, 14 March 2008

Dollar tanks (again)

Today, the dollar touched 1.56 euros. How does 1.75 dollars to a euro sound? Pretty far fetched? There was a time when 1.56 sounded mad.

Oil is now at $111.


Anonymous said...

What's your bet one how long it takes China and Saudi Arabia to ditch the dollar peg.

Even more dramatic, how long till oil gets priced in Euros or Yen?

traderboy said...

yes it does sound mad. wait til europe starts going the same way as the US though, and people again begin to realise that EMU cannot work. back to parity anyone?

Anonymous said...

Those Japanese car manufacturers are sweating over this. I bet the Germans aren't happy either. Global recession anyone?