€1 = $1.51+

[Carolinian Super Moderator Find all posts View Profile Close Carolinian]

Today, the € is up over $1.54, and the Swiss franc is a hair below $0.98.

Look for oil to go up more, as well as gold.

I am glad I have moved most of my cash out of the rubber dollar and my mutual funds are all invested out of the US. Unfortunately, my paycheck is still in dollars, however.

[Carolinian Super Moderator Find all posts View Profile Close Carolinian]

Now, the € is well over $1.56 and closing on $1.57

The Swiss franc is over $1 for the first time ever. It was 91 cents when I was in Switzerland a few weeks ago. I can remember the time it stayed constant at 23 cents for years.

I am glad most of my cash is in € or Swiss francs, and that my rent is contracted in dollars, but hate that my salary is paid in dollars.

And what is this doing for oil? Before long, it will be welcome to the days of $4 gas.

[bigfrank Administrator Find all posts View Profile Close bigfrank]

Now, the € is well over $1.56 and closing on $1.57

The Swiss franc is over $1 for the first time ever. It was 91 cents when I was in Switzerland a few weeks ago. I can remember the time it stayed constant at 23 cents for years.

I am glad most of my cash is in € or Swiss francs, and that my rent is contracted in dollars, but hate that my salary is paid in dollars.

And what is this doing for oil? Before long, it will be welcome to the days of $4 gas.

With the dollor going down maybe it is time to buy American products so they will hurt the importers and bring life back to the US. Time to look at Ford and GM for a new car.

[lawren2 Malibu Beach Barbie & A Super Moderator Find all posts View Profile Close lawren2]

Now, the € is well over $1.56 and closing on $1.57

The Swiss franc is over $1 for the first time ever. It was 91 cents when I was in Switzerland a few weeks ago. I can remember the time it stayed constant at 23 cents for years.

At this rate who cares if RCI gives us europe exchanges?

I'm sure glad we went to England when we did because we can't afford to go back for the foreseeable future.

I really would like to go back to Greece someday.

[ArtsieAng Super Moderator Find all posts View Profile Close ArtsieAng]

I was planning on going to France next summer, but now I don't think we're gonna go. How sad.

[ArtsieAng Super Moderator Find all posts View Profile Close ArtsieAng]

Weak Dollar Costs U.S. Economy Its World No. 1 Spot


By REUTERS
Published: March 14, 2008
Filed at 11:10 a.m. ET

The U.S. economy lost the title of "world's biggest" to the euro zone this week as the value of the dollar slumped in currency markets.


Taking the gross domestic product of both economies in 2007, the combined GDP of the 15 countries which use the euro overtook that of the United States when the European currency surged to a record high of more than $1.56 per euro.

"The curious outcome of breaching this latest milestone is that the size of the euro zone's annual output has now exceeded that of the U.S.," the economics department of Goldman Sachs, the Wall Street investment bank, said in a note to clients.

Taking official estimates of 2007 GDP -- $13,843,800 billion for the United States and 8,847,889.1 billion euros for the euro zone -- the economy of the latter passed the United States once converted into dollars, shortly after the euro topped $1.56.

The dollar sank to $1.5688 per euro late in European trading hours on Friday, at which rate the euro zone's 2007 GDP equates to $13,880,568.4 billion.

The 2007 GDP estimates are as published by the U.S. Commerce Department's Bureau of Economic Analysis and provided to Reuters on request for the euro zone by Eurostat, the European Union's statistics office.

(Writing by Brian Love; editing by Stephen Nisbet)

http://www.nytimes.com/reuters/news/...=1&oref=slogin