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Dollar index hits 3-year low after U.S. ISM services data
Posted on 05/04/2011 9:14:15 AM PDT by Nachum
NEW YORK, May 4 (Reuters) - The U.S. dollar fell to a fresh three-year low against major currencies on Wednesday after an industry report showed the pace of growth in the U.S. services sector unexpectedly eased in April.
For details on data, see [ID:nN04125050]
The U.S. dollar index, which measures the value of the greenback versus a basket of major currencies, fell as low as 72.696 .
The dollar also hit a session low versus the euro and extended declines against the yen after the data.
(Excerpt) Read more at my.news.yahoo.com ...
TOPICS: Front Page News; News/Current Events
KEYWORDS: bho44; dollar; geithnerdream; hits; impeachobama; index; low; nwo; obama; obamanwodream
The real news
posted on 05/04/2011 9:14:18 AM PDT
So what! Obama got Bin Laden!
posted on 05/04/2011 9:17:17 AM PDT
(Tagline under construction: Your American Recovery and Reinvestment Act dollars at work.)
To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...
posted on 05/04/2011 9:22:55 AM PDT
(The complete Obama list at www.nachumlist.com)
Then how can the long bonds be in such a strong rally?
posted on 05/04/2011 9:43:39 AM PDT
James Wesley Rawles of Survivalblog.com believes that if the Dollar Index drops below 72 (it has already hit a low of 72.696), a major dollar collapse is imminent.
posted on 05/04/2011 9:54:53 AM PDT
(Any politician who holds that the state accords rights is an oathbreaker and an "enemy... domestic.")
Back to reality, as ugly as it is. Good post.
posted on 05/04/2011 9:56:12 AM PDT
(Support our military or leave. I will help you pack BO!)
the pace of growth in the U.S. services sector unexpectedly eased in April.
You know the drill...
posted on 05/04/2011 9:59:26 AM PDT
by Nervous Tick
(Trust in God, but row away from the rocks!)
Dow Jones DOWN 124 points.
Buyers pouring into Treasuries, yields DOWN sharply.
Silver plunging, DOWN 7% today, on top of huge drops in previous sessions.
The only good news is, oil is down to $109/barrel.
posted on 05/04/2011 10:11:17 AM PDT
by Deo volente
(God willing, America will survive this Obamination.)
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