Euro All Time High

July 21st, 2008

Petro Dollars
… ran Bourse will open to trade oil, not n dollars but in Euros’* This apparently insignificant event has consequences far greater for the US p … During that war the US supplied provisions and munitions to all its allies, refusing currency and demanding gold payments in exchange….The whole world was watching: very few aware that the US was engaging in the first oil currency, or petro-dollar war. … In April 2002 senior OPEC reps talked about trading in euros and the euro shot up…. … ll currencies — that a massive 66% of this total wealth is in US dollars! … Since 1971, the US printed even more mountains of dollars to spend abroad. The trade deficit grew and grew….’ Dr Bulent Gukay of Keele University recently wrote, ‘This system of the US dollar acting as global reserve currency in oil trade keeps the demand f or the dollar `artificially’ high….

Mon, 21 Jul 2008 07:25:14 EDT
Yen weakens on gains in US equities
Yen weakens on gains in US equitiesThe yen declined versus several major currencies as a rise in US equities sent investors in search of more risky investments. The US dollar, meanwhile, was helped by a Commerce Department report showing that new home sales in the US rose by 3.3 percent in April, led by a significant increase in sale…Read the full post from Currency News: UK daily forex newsTags: , , , , ,
via Blogdigger blog search for currency trading.

Tue, 27 May 2008 12:08:03 EDT
FOREX-Dollar slips amid persistent US bank worries - Reuters UK
FOREX-Dollar slips amid persistent US bank worriesReuters UK, UK - 8 hours agoBy Wanfeng Zhou NEW YORK, July 21 (Reuters) - The dollar slipped on Monday, losing some of its recent momentum, after better-than-expected earnings from …

Mon, 21 Jul 2008 16:48:27 GMT
Indian shares advance; fall in oil prices lifts rupee
The Bombay Stock Exchange’s Sensitive Index, or Sensex, rose 214.64, or 1.6%, to 13,850.04, its highest since July 10.

Tue, 22 Jul 2008 01:21:10 GMT

posted by Administrator at 1:28 pm & filed under Currency markets |


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