| Topic: |
Politics > Politics-USA |
| User: |
"Captain Compassion" |
| Date: |
20 Apr 2007 06:03:03 PM |
| Object: |
Euro hit 2-year high against dollar By Neil Dennis |
Euro hit 2-year high against dollar
By Neil Dennis
Fri Apr 20, 6:10 AM ET
http://news.yahoo.com/s/ft/20070420/bs_ft/fto042020070624442825
The euro crept closer to its all-time high against the dollar,
extending its two-year peak as stock markets steadied after Thursday's
anxious session.
Comments from Axel Weber, the German central banker and member of the
European Central Bank's governing council, helped spur the single
currency along. He mentioned an "extremely positive" outlook for the
eurozone and added there were price risks in the medium term that
needed to be countered.
Against the dollar, the euro climbed 0.2 per cent to $1.3637 a new
two-year peak and less than half a cent from a new record.
Most notably, the yen was back under pressure after the previous
session's rally ran out of steam.
On Thursday, the yen rallied against most major currencies as concerns
over China's rapid rate of economic growth prompted a scaling back in
riskier strategies, which drove equity markets lower and encouraged
profit taking in carry trade positions.
Michael Metcalfe at State Street said a degree of market anxiety was
understandable given only two months had passed since "China Tuesday"
on February 27 when global markets suffered a three-week period of
volatile trading after China's stock market fell 8 per cent in one
session.
As equity markets steadied on Friday however, appetite for risk
returned. "As in February the latest wobbles will likely prove buying
opportunities for risk assets," Mr Metcalfe added.
The euro climbed 0.2 per cent against the yen to Y161.57, while the
dollar added 0.2 per cent to Y118.72 and the pound gained 0.3 per cent
to Y237.87.
The New Zealand dollar, which was among the biggest fallers against
the Japanese currency on Thursday, rallied 0.1 per cent to Y88.23,
while the Australian dollar, also a big faller in the previous
session, added 0.2 per cent to Y99.02.
--
There may come a time when the CO2 police will wander the earth telling
the poor and the dispossed how many dung chips they can put on their
cook fires. -- Captain Compassion.
Wherever I go it will be well with me, for it was well with me here, not
on account of the place, but of my judgments which I shall carry away
with me, for no one can deprive me of these; on the contrary, they alone
are my property, and cannot be taken away, and to possess them suffices
me wherever I am or whatever I do. -- EPICTETUS
"Civilization is the interval between Ice Ages." -- Will Durant.
"Progress is the increasing control of the environment by life.
--Will Durant
Joseph R. Darancette
daranc@NOSPAMcharter.net
.
|
|
| User: "Immigration Anarchy" |
|
| Title: Re: Euro hit 2-year high against dollar By Neil Dennis |
20 Apr 2007 05:47:37 PM |
|
|
Your compassion is near zero.
.
|
|
|
| User: "Captain Compassion" |
|
| Title: Re: Euro hit 2-year high against dollar By Neil Dennis |
20 Apr 2007 08:52:58 PM |
|
|
On Fri, 20 Apr 2007 19:47:37 -0300, "Immigration Anarchy"
<DemsRtruthless@earthlink.net> wrote:
Your compassion is near zero.
Compassion would also include teaching how the world really works to
children. -- Captain Compassion
--
There may come a time when the CO2 police will wander the earth telling
the poor and the dispossed how many dung chips they can put on their
cook fires. -- Captain Compassion.
Wherever I go it will be well with me, for it was well with me here, not
on account of the place, but of my judgments which I shall carry away
with me, for no one can deprive me of these; on the contrary, they alone
are my property, and cannot be taken away, and to possess them suffices
me wherever I am or whatever I do. -- EPICTETUS
"Civilization is the interval between Ice Ages." -- Will Durant.
"Progress is the increasing control of the environment by life.
--Will Durant
Joseph R. Darancette
daranc@NOSPAMcharter.net
.
|
|
|
|
|
| User: "Billary/2008" |
|
| Title: Re: Euro hit 2-year high against dollar By Neil Dennis |
21 Apr 2007 07:01:06 AM |
|
|
"Captain Compassion" <daranc@NOSPAMcharter.net> wrote in message
news:cfhi23drqej6umghtac3odfvuqug5qcqbl@4ax.com...
Euro hit 2-year high against dollar
By Neil Dennis
Fri Apr 20, 6:10 AM ET
http://news.yahoo.com/s/ft/20070420/bs_ft/fto042020070624442825
The euro crept closer to its all-time high against the dollar,
extending its two-year peak as stock markets steadied after Thursday's
anxious session.
Comments from Axel Weber, the German central banker and member of the
European Central Bank's governing council, helped spur the single
currency along. He mentioned an "extremely positive" outlook for the
eurozone and added there were price risks in the medium term that
needed to be countered.
Against the dollar, the euro climbed 0.2 per cent to $1.3637 a new
two-year peak and less than half a cent from a new record.
Most notably, the yen was back under pressure after the previous
session's rally ran out of steam.
On Thursday, the yen rallied against most major currencies as concerns
over China's rapid rate of economic growth prompted a scaling back in
riskier strategies, which drove equity markets lower and encouraged
profit taking in carry trade positions.
Michael Metcalfe at State Street said a degree of market anxiety was
understandable given only two months had passed since "China Tuesday"
on February 27 when global markets suffered a three-week period of
volatile trading after China's stock market fell 8 per cent in one
session.
As equity markets steadied on Friday however, appetite for risk
returned. "As in February the latest wobbles will likely prove buying
opportunities for risk assets," Mr Metcalfe added.
The euro climbed 0.2 per cent against the yen to Y161.57, while the
dollar added 0.2 per cent to Y118.72 and the pound gained 0.3 per cent
to Y237.87.
The New Zealand dollar, which was among the biggest fallers against
the Japanese currency on Thursday, rallied 0.1 per cent to Y88.23,
while the Australian dollar, also a big faller in the previous
session, added 0.2 per cent to Y99.02.
--
There may come a time when the CO2 police will wander the earth telling
the poor and the dispossed how many dung chips they can put on their
cook fires. -- Captain Compassion.
Wherever I go it will be well with me, for it was well with me here, not
on account of the place, but of my judgments which I shall carry away
with me, for no one can deprive me of these; on the contrary, they alone
are my property, and cannot be taken away, and to possess them suffices
me wherever I am or whatever I do. -- EPICTETUS
"Civilization is the interval between Ice Ages." -- Will Durant.
"Progress is the increasing control of the environment by life.
--Will Durant
Joseph R. Darancette
daranc@NOSPAMcharter.net
SO? Didn't you say we get all our crap from China at Wal-Mart? So who
gives a ***** what the Euro does?
.
|
|
|
| User: "Balanced View" |
|
| Title: Re: Euro hit 2-year high against dollar By Neil Dennis |
21 Apr 2007 10:58:26 AM |
|
|
Billary/2008 wrote:
"Captain Compassion" <daranc@NOSPAMcharter.net> wrote in message
news:cfhi23drqej6umghtac3odfvuqug5qcqbl@4ax.com...
Euro hit 2-year high against dollar
By Neil Dennis
Fri Apr 20, 6:10 AM ET
http://news.yahoo.com/s/ft/20070420/bs_ft/fto042020070624442825
The euro crept closer to its all-time high against the dollar,
extending its two-year peak as stock markets steadied after Thursday's
anxious session.
Comments from Axel Weber, the German central banker and member of the
European Central Bank's governing council, helped spur the single
currency along. He mentioned an "extremely positive" outlook for the
eurozone and added there were price risks in the medium term that
needed to be countered.
Against the dollar, the euro climbed 0.2 per cent to $1.3637 a new
two-year peak and less than half a cent from a new record.
Most notably, the yen was back under pressure after the previous
session's rally ran out of steam.
On Thursday, the yen rallied against most major currencies as concerns
over China's rapid rate of economic growth prompted a scaling back in
riskier strategies, which drove equity markets lower and encouraged
profit taking in carry trade positions.
Michael Metcalfe at State Street said a degree of market anxiety was
understandable given only two months had passed since "China Tuesday"
on February 27 when global markets suffered a three-week period of
volatile trading after China's stock market fell 8 per cent in one
session.
As equity markets steadied on Friday however, appetite for risk
returned. "As in February the latest wobbles will likely prove buying
opportunities for risk assets," Mr Metcalfe added.
The euro climbed 0.2 per cent against the yen to Y161.57, while the
dollar added 0.2 per cent to Y118.72 and the pound gained 0.3 per cent
to Y237.87.
The New Zealand dollar, which was among the biggest fallers against
the Japanese currency on Thursday, rallied 0.1 per cent to Y88.23,
while the Australian dollar, also a big faller in the previous
session, added 0.2 per cent to Y99.02.
--
There may come a time when the CO2 police will wander the earth telling
the poor and the dispossed how many dung chips they can put on their
cook fires. -- Captain Compassion.
Wherever I go it will be well with me, for it was well with me here, not
on account of the place, but of my judgments which I shall carry away
with me, for no one can deprive me of these; on the contrary, they alone
are my property, and cannot be taken away, and to possess them suffices
me wherever I am or whatever I do. -- EPICTETUS
"Civilization is the interval between Ice Ages." -- Will Durant.
"Progress is the increasing control of the environment by life.
--Will Durant
Joseph R. Darancette
daranc@NOSPAMcharter.net
SO? Didn't you say we get all our crap from China at Wal-Mart? So who
gives a ***** what the Euro does?
Your ignorance of economics noted. What it means is more inflation as
the US dollar tanks, even the Chinese "Crap"
is going to cost you more, as is anything imported. And if you claim the
lower dollar will help US exports you would be
wrong about that to, as most of the manufacturing base has already shut
down or has been outsourced.
.
|
|
|
| User: "Captain Compassion" |
|
| Title: Re: Euro hit 2-year high against dollar By Neil Dennis |
21 Apr 2007 09:12:57 PM |
|
|
On Sat, 21 Apr 2007 11:58:26 -0400, Balanced View <Nill@nill.net>
wrote:
Billary/2008 wrote:
"Captain Compassion" <daranc@NOSPAMcharter.net> wrote in message
news:cfhi23drqej6umghtac3odfvuqug5qcqbl@4ax.com...
Euro hit 2-year high against dollar
By Neil Dennis
Fri Apr 20, 6:10 AM ET
http://news.yahoo.com/s/ft/20070420/bs_ft/fto042020070624442825
The euro crept closer to its all-time high against the dollar,
extending its two-year peak as stock markets steadied after Thursday's
anxious session.
Comments from Axel Weber, the German central banker and member of the
European Central Bank's governing council, helped spur the single
currency along. He mentioned an "extremely positive" outlook for the
eurozone and added there were price risks in the medium term that
needed to be countered.
Against the dollar, the euro climbed 0.2 per cent to $1.3637 a new
two-year peak and less than half a cent from a new record.
Most notably, the yen was back under pressure after the previous
session's rally ran out of steam.
On Thursday, the yen rallied against most major currencies as concerns
over China's rapid rate of economic growth prompted a scaling back in
riskier strategies, which drove equity markets lower and encouraged
profit taking in carry trade positions.
Michael Metcalfe at State Street said a degree of market anxiety was
understandable given only two months had passed since "China Tuesday"
on February 27 when global markets suffered a three-week period of
volatile trading after China's stock market fell 8 per cent in one
session.
As equity markets steadied on Friday however, appetite for risk
returned. "As in February the latest wobbles will likely prove buying
opportunities for risk assets," Mr Metcalfe added.
The euro climbed 0.2 per cent against the yen to Y161.57, while the
dollar added 0.2 per cent to Y118.72 and the pound gained 0.3 per cent
to Y237.87.
The New Zealand dollar, which was among the biggest fallers against
the Japanese currency on Thursday, rallied 0.1 per cent to Y88.23,
while the Australian dollar, also a big faller in the previous
session, added 0.2 per cent to Y99.02.
--
There may come a time when the CO2 police will wander the earth telling
the poor and the dispossed how many dung chips they can put on their
cook fires. -- Captain Compassion.
Wherever I go it will be well with me, for it was well with me here, not
on account of the place, but of my judgments which I shall carry away
with me, for no one can deprive me of these; on the contrary, they alone
are my property, and cannot be taken away, and to possess them suffices
me wherever I am or whatever I do. -- EPICTETUS
"Civilization is the interval between Ice Ages." -- Will Durant.
"Progress is the increasing control of the environment by life.
--Will Durant
Joseph R. Darancette
daranc@NOSPAMcharter.net
SO? Didn't you say we get all our crap from China at Wal-Mart? So who
gives a ***** what the Euro does?
Your ignorance of economics noted. What it means is more inflation as
the US dollar tanks, even the Chinese "Crap"
is going to cost you more, as is anything imported. And if you claim the
lower dollar will help US exports you would be
wrong about that to, as most of the manufacturing base has already shut
down or has been outsourced.
The Chinese peg their currency against the Dollar not the Euro. What
makes you believe that the Chinese would raise their prices to the US
their biggest customer? Much of the stuff provided by China could also
be provided by other 3rd world countries at with even lower labor
costs.
--
There may come a time when the CO2 police will wander the earth telling
the poor and the dispossed how many dung chips they can put on their
cook fires. -- Captain Compassion.
Wherever I go it will be well with me, for it was well with me here, not
on account of the place, but of my judgments which I shall carry away
with me, for no one can deprive me of these; on the contrary, they alone
are my property, and cannot be taken away, and to possess them suffices
me wherever I am or whatever I do. -- EPICTETUS
"Civilization is the interval between Ice Ages." -- Will Durant.
"Progress is the increasing control of the environment by life.
--Will Durant
Joseph R. Darancette
daranc@NOSPAMcharter.net
.
|
|
|
|
|
| User: "Captain Compassion" |
|
| Title: Re: Euro hit 2-year high against dollar By Neil Dennis |
21 Apr 2007 10:38:53 AM |
|
|
On Sat, 21 Apr 2007 12:01:06 GMT, "Billary/2008"
<F#%K_Liberals@vastrightwingconspiracy.gov> wrote:
"Captain Compassion" <daranc@NOSPAMcharter.net> wrote in message
news:cfhi23drqej6umghtac3odfvuqug5qcqbl@4ax.com...
Euro hit 2-year high against dollar
By Neil Dennis
Fri Apr 20, 6:10 AM ET
http://news.yahoo.com/s/ft/20070420/bs_ft/fto042020070624442825
The euro crept closer to its all-time high against the dollar,
extending its two-year peak as stock markets steadied after Thursday's
anxious session.
Comments from Axel Weber, the German central banker and member of the
European Central Bank's governing council, helped spur the single
currency along. He mentioned an "extremely positive" outlook for the
eurozone and added there were price risks in the medium term that
needed to be countered.
Against the dollar, the euro climbed 0.2 per cent to $1.3637 a new
two-year peak and less than half a cent from a new record.
Most notably, the yen was back under pressure after the previous
session's rally ran out of steam.
On Thursday, the yen rallied against most major currencies as concerns
over China's rapid rate of economic growth prompted a scaling back in
riskier strategies, which drove equity markets lower and encouraged
profit taking in carry trade positions.
Michael Metcalfe at State Street said a degree of market anxiety was
understandable given only two months had passed since "China Tuesday"
on February 27 when global markets suffered a three-week period of
volatile trading after China's stock market fell 8 per cent in one
session.
As equity markets steadied on Friday however, appetite for risk
returned. "As in February the latest wobbles will likely prove buying
opportunities for risk assets," Mr Metcalfe added.
The euro climbed 0.2 per cent against the yen to Y161.57, while the
dollar added 0.2 per cent to Y118.72 and the pound gained 0.3 per cent
to Y237.87.
The New Zealand dollar, which was among the biggest fallers against
the Japanese currency on Thursday, rallied 0.1 per cent to Y88.23,
while the Australian dollar, also a big faller in the previous
session, added 0.2 per cent to Y99.02.
--
There may come a time when the CO2 police will wander the earth telling
the poor and the dispossed how many dung chips they can put on their
cook fires. -- Captain Compassion.
Wherever I go it will be well with me, for it was well with me here, not
on account of the place, but of my judgments which I shall carry away
with me, for no one can deprive me of these; on the contrary, they alone
are my property, and cannot be taken away, and to possess them suffices
me wherever I am or whatever I do. -- EPICTETUS
"Civilization is the interval between Ice Ages." -- Will Durant.
"Progress is the increasing control of the environment by life.
--Will Durant
Joseph R. Darancette
daranc@NOSPAMcharter.net
SO? Didn't you say we get all our crap from China at Wal-Mart? So who
gives a ***** what the Euro does?
A high Euro is certainly good news for US exporters. Bad news for the
Euro zone.
--
There may come a time when the CO2 police will wander the earth telling
the poor and the dispossed how many dung chips they can put on their
cook fires. -- Captain Compassion.
Wherever I go it will be well with me, for it was well with me here, not
on account of the place, but of my judgments which I shall carry away
with me, for no one can deprive me of these; on the contrary, they alone
are my property, and cannot be taken away, and to possess them suffices
me wherever I am or whatever I do. -- EPICTETUS
"Civilization is the interval between Ice Ages." -- Will Durant.
"Progress is the increasing control of the environment by life.
--Will Durant
Joseph R. Darancette
daranc@NOSPAMcharter.net
.
|
|
|
|
|
| User: "Gogarty" |
|
| Title: Re: Euro hit 2-year high against dollar By Neil Dennis |
21 Apr 2007 08:21:50 AM |
|
|
In article <cfhi23drqej6umghtac3odfvuqug5qcqbl@4ax.com>,
daranc@NOSPAMcharter.net says...
Euro hit 2-year high against dollar
By Neil Dennis
Fri Apr 20, 6:10 AM ET
http://news.yahoo.com/s/ft/20070420/bs_ft/fto042020070624442825
The euro crept closer to its all-time high against the dollar,
extending its two-year peak as stock markets steadied after Thursday's
anxious session.
This has real consequences for real people. The United Nations Joint Staff
Pension Fund is in New York and denominated in US dollars. But it pays
beneficiaries in local currency. My sister-in-law, a retiree from the
Internbational Atomic Energy Agency (IAEA) in Vienna gets her payments in
euros. Her purchasing power has suffered greatly in recent years.
.
|
|
|
| User: "Captain Compassion" |
|
| Title: Re: Euro hit 2-year high against dollar By Neil Dennis |
21 Apr 2007 10:40:23 AM |
|
|
On Sat, 21 Apr 2007 09:21:50 -0400, Gogarty <Gogarty@Clongowes.edu>
wrote:
In article <cfhi23drqej6umghtac3odfvuqug5qcqbl@4ax.com>,
daranc@NOSPAMcharter.net says...
Euro hit 2-year high against dollar
By Neil Dennis
Fri Apr 20, 6:10 AM ET
http://news.yahoo.com/s/ft/20070420/bs_ft/fto042020070624442825
The euro crept closer to its all-time high against the dollar,
extending its two-year peak as stock markets steadied after Thursday's
anxious session.
This has real consequences for real people. The United Nations Joint Staff
Pension Fund is in New York and denominated in US dollars. But it pays
beneficiaries in local currency. My sister-in-law, a retiree from the
Internbational Atomic Energy Agency (IAEA) in Vienna gets her payments in
euros. Her purchasing power has suffered greatly in recent years.
True.
--
There may come a time when the CO2 police will wander the earth telling
the poor and the dispossed how many dung chips they can put on their
cook fires. -- Captain Compassion.
Wherever I go it will be well with me, for it was well with me here, not
on account of the place, but of my judgments which I shall carry away
with me, for no one can deprive me of these; on the contrary, they alone
are my property, and cannot be taken away, and to possess them suffices
me wherever I am or whatever I do. -- EPICTETUS
"Civilization is the interval between Ice Ages." -- Will Durant.
"Progress is the increasing control of the environment by life.
--Will Durant
Joseph R. Darancette
daranc@NOSPAMcharter.net
.
|
|
|
|
|
|
Related Articles |
|
|
