Dollar's plummet greased by German newspaper report By Kate Gibson
CHICAGO (CBS.MW) -- A report in the Saturday edition of a German newspaper that states the United States does not plan to intervene until the dollar falls to at least $1.45 per euro sparked continued selling of the U.S. currency Friday afternoon, market observers said. "It was a green light to keep selling," said Sean Callow, currency strategist at IDEA Global. The dollar fell to a new record of $1.3459 per euro in late U.S. trade.
Yes, this does pertain to the price of oil, when ya think about it!!!
How would a German paper know?