Dollar Up Oil Down
#1
Original Poster
Joined: Jan 2003
Posts: 5,271
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Dollar Up Oil Down
Hey guys...
I was just listening to the half hourly business report on the radio...
The dollar is up and is close to the psychologically important $1.54 benchmark against the euro.
Oil has tanked below $100/barrel...
Can recovery be far behind? <g>
I was just listening to the half hourly business report on the radio...
The dollar is up and is close to the psychologically important $1.54 benchmark against the euro.
Oil has tanked below $100/barrel...
Can recovery be far behind? <g>
#5

Joined: Jan 2003
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Why is the exact figure of $1.54 a "psychologically important" benchmark? I don't get it -- why not 1.53 or 1.55? As many people think in round numbers, I would have thought $1.50 might be a psychologically important number, not 1.54.
#7
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Joined: Jan 2003
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The psychologically important bit was meant tongue in cheek...I remember threads as the dollar was falling you know saying now $1.53..now $1.54...now $1.55...up up and away...
Actually, frankly nobody really thinks this is going to last but let's have some fun in the meanwhile.
Actually, frankly nobody really thinks this is going to last but let's have some fun in the meanwhile.
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#8
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Joined: Jan 2003
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BTW...
More good news...at least for today..
The £ is below the psychologically important $2 benchmark...closing today at $1.9831896347...
And the looney is now back under parity with the greenback closing today at $0.9773657834
Go greenback go......
More good news...at least for today..
The £ is below the psychologically important $2 benchmark...closing today at $1.9831896347...
And the looney is now back under parity with the greenback closing today at $0.9773657834
Go greenback go......
#11
Joined: Feb 2005
Posts: 9,016
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Watch out for peak number one on your way up. No, sorry, it's just a stone.
.
http://c.onvista.de/h_kl.html?VOL=0&...mp;CURR_TO=USD
.http://c.onvista.de/h_kl.html?VOL=0&...mp;CURR_TO=USD
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Looking for a simple, but well-informed, answer as to why the dollar keeps dropping against the Euro
julies
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Dec 28th, 2003 03:24 AM



