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NCBA, R-CALF, COOL, USDA (No Politics!)
US dollar falling.......
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<blockquote data-quote="Oldtimer" data-source="post: 440529" data-attributes="member: 97"><p><strong>Dollar Tumbles Lower Against Euro</strong></p><p>Thursday , September 20, 2007</p><p></p><p> FRANKFURT — </p><p></p><p><strong>The dollar took another fall on currency markets Thursday, reaching one-to-one parity against the Canadian dollar for the first time in 30 years and plumbing a new low against the 13-nation European currency.</strong></p><p>The dramatic half-point cut in U.S. interest rates announced this week, while aimed at shoring up U.S. credit markets, also had the effect of further weakening the dollar versus other currencies by reducing the cash yield on dollars. A lower dollar can make travel more costly for U.S. residents and can also pose the risk of making imported goods more expensive over time.</p><p></p><p>The euro breached the $1.40 barrier against the dollar on Thursday. That level had long been seen as a key benchmark in terms of solidifying the euro's position on currency markets and giving it momentum toward becoming a reserve currency of choice — a position long held by the now-weakening dollar.</p><p></p><p>The 13-nation euro bought as much as $1.4064 in morning trading in Europe before falling back slightly to $1.4040, above its previous high Wednesday night of $1.3987, and more than the $1.3964 it bought in late New York trading.</p><p></p><p><strong>The dollar also fell against other currencies, reaching parity with the Canadian dollar for the first time since November 1976. One U.S. dollar now buys one Canadian dollar.</strong></p><p></p><p><a href="http://www.foxnews.com/printer_friendly_story/0,3566,297473,00.html" target="_blank">http://www.foxnews.com/printer_friendly ... 73,00.html</a></p><p>-------------------------------------------------------------------------------------</p><p></p><p><strong>Oil Hits New High Over $83</strong> </p><p></p><p>MoneyNews </p><p>Thursday, Sept. 20, 2007</p><p></p><p></p><p>NEW YORK -- <strong>Oil surged over $83 a barrel on Thursday in the seventh straight record-breaking session </strong>as companies shut Gulf of Mexico output on forecasts a tropical depression churning through the region would become a storm.</p><p></p><p>U.S. crude gained $1.44 to $83.37 a barrel at 1817 GMT after hitting an all-time high of $83.60 earlier. London Brent rose 40 cents to $78.87.</p><p></p><p><a href="http://moneynews.newsmax.com/scripts/money/printer.pl?page=http://moneynews.newsmax.com/money/archives/articles/2007/9/20/144200.cfm?s=mnm" target="_blank">http://moneynews.newsmax.com/scripts/mo ... .cfm?s=mnm</a></p></blockquote><p></p>
[QUOTE="Oldtimer, post: 440529, member: 97"] [b]Dollar Tumbles Lower Against Euro[/b] Thursday , September 20, 2007 FRANKFURT — [b]The dollar took another fall on currency markets Thursday, reaching one-to-one parity against the Canadian dollar for the first time in 30 years and plumbing a new low against the 13-nation European currency.[/b] The dramatic half-point cut in U.S. interest rates announced this week, while aimed at shoring up U.S. credit markets, also had the effect of further weakening the dollar versus other currencies by reducing the cash yield on dollars. A lower dollar can make travel more costly for U.S. residents and can also pose the risk of making imported goods more expensive over time. The euro breached the $1.40 barrier against the dollar on Thursday. That level had long been seen as a key benchmark in terms of solidifying the euro's position on currency markets and giving it momentum toward becoming a reserve currency of choice — a position long held by the now-weakening dollar. The 13-nation euro bought as much as $1.4064 in morning trading in Europe before falling back slightly to $1.4040, above its previous high Wednesday night of $1.3987, and more than the $1.3964 it bought in late New York trading. [b]The dollar also fell against other currencies, reaching parity with the Canadian dollar for the first time since November 1976. One U.S. dollar now buys one Canadian dollar.[/b] [url=http://www.foxnews.com/printer_friendly_story/0,3566,297473,00.html]http://www.foxnews.com/printer_friendly ... 73,00.html[/url] ------------------------------------------------------------------------------------- [b]Oil Hits New High Over $83[/b] MoneyNews Thursday, Sept. 20, 2007 NEW YORK -- [b]Oil surged over $83 a barrel on Thursday in the seventh straight record-breaking session [/b]as companies shut Gulf of Mexico output on forecasts a tropical depression churning through the region would become a storm. U.S. crude gained $1.44 to $83.37 a barrel at 1817 GMT after hitting an all-time high of $83.60 earlier. London Brent rose 40 cents to $78.87. [url=http://moneynews.newsmax.com/scripts/money/printer.pl?page=http://moneynews.newsmax.com/money/archives/articles/2007/9/20/144200.cfm?s=mnm]http://moneynews.newsmax.com/scripts/mo ... .cfm?s=mnm[/url] [/QUOTE]
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