US dollar rallies as extent of worldwide recession becomes clearer

[Wretched Excess]

damn that george bush!  he has ruined the entire world!!11!

mccain should play up the fact that the US economy is significantly out performing the rest of
the world.  especially since The BarackStar! called himself a "citzen of the world" during his german
rock concert.  it would make for an easy segue into the flat economic fact that current oil prices
are a product of worldwide demand, and quite beyond the control of GWB, who BHO seems to
think he is running against.

US dollar rallies as extent of worldwide recession becomes clearer

The psychology of global markets has shifted hugely over recent days as it becomes clear that Europe, Australasia and parts of Asia are sliding into recession.

The US dollar has launched its best rally in half a decade, reflecting a recognition that half the world is in even worse shape than the US. In fact, America is the only G7 country to eke out modest growth this summer.

The US dollar index - currencies watched closely by traders - smashed through resistance yesterday in the biggest one-day move since the long dollar slide began seven years ago.

"This was highly significant. Perceptions have changed," said Ian Stannard, currency strategist at BNP Paribas.  The greenback gained three cents to $1.5050 against the euro, with big moves against other currencies.
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"We see a deep global recession," said Albert Edwards, chief strategist at Société Générale.

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[SSG Snuggle Bunny]

With the dollar being weak at the beginning of the world recession I would imagine that makes US exports more attractive thus strengthening our currency in the long run. These are the cycles all economies endure; the trick is knowing which strengths to play to and when then shifting again when times change.

[Wretched Excess]

With the dollar being weak at the beginning of the world recession I would imagine that makes US exports more attractive thus strengthening our currency in the long run. These are the cycles all economies endure; the trick is knowing which strengths to play to and when then shifting again when times change.

the weak dollar is also not helping oil prices . . . .

[Jim]

With the dollar being weak at the beginning of the world recession I would imagine that makes US exports more attractive thus strengthening our currency in the long run. These are the cycles all economies endure; the trick is knowing which strengths to play to and when then shifting again when times change.

the weak dollar is also not helping oil prices . . . .

the dollar is on the rebound which IS helping with the oil prices.

[Jim]

the weak dollar is also not helping oil prices . . . .

the dollar is on the rebound which IS helping with the oil prices.

So which came first, the chicken or the egg   

drop in oil helps it but it was headed that way with the decline of the EU and far east

[asdf2231]

the weak dollar is also not helping oil prices . . . .

the dollar is on the rebound which IS helping with the oil prices.

So which came first, the chicken or the egg   

The short answer?

God.

[Wretched Excess]

With the dollar being weak at the beginning of the world recession I would imagine that makes US exports more attractive thus strengthening our currency in the long run. These are the cycles all economies endure; the trick is knowing which strengths to play to and when then shifting again when times change.

the weak dollar is also not helping oil prices . . . .

the dollar is on the rebound which IS helping with the oil prices.

allow me to rephrase.  "the weak dollar hasn't been helping oil prices . . . ."