Free Republic

LONDON (Reuters) - The dollar steadied versus the euro and yen on Thursday following sharp gains across the board in the previous session driven by profit-taking on bets against the long suffering U.S. currency.Unexpectedly strong jobs data from Australia appeared to counter the rising market belief the weak dollar was hurting major economies and forcing central banks to stop interest rate hikes, which in turn would bolster the greenback's appeal. Such arguments, driven by Canada's and Australia's decision earlier this week to hold rates unchanged, were seen as triggers for the dollar's rebound from record lows against the euro...

LONDON (Reuters) - The dollar rose one percent against the euro and the yen on Wednesday as investors bought the U.S. currency back in the run-up to the year-end and eyed the impact of the dollar's weakness on other economies.Worries about the United States' ability to fund its huge currrent account deficit have led to persistent weakness in the dollar, taking it to fresh record lows against the euro on Tuesday and five-year lows against the yen last week. But investors are looking to take profits on the climb of a broad spectrum of currencies against the dollar, while...

LONDON (Reuters) - The dollar tumbled to a record low against the euro on Tuesday after a warning by euro zone officials on the euro's rise fell on deaf ears, with investors determined to dump the U.S. currency.In a joint statement late on Monday, the European Central Bank and euro zone finance ministers gave their starkest warning to date that they were unhappy with the euro's strength. In an echo of developments that preceded the ECB's maiden intervention in the currency markets of 2000, the statement said policymakers were monitoring the situation closely. But the dollar, under pressure from...

It rises, it falls, it's bought, it's sold. On how much of our fate does the dollar's height have hold?"DOWN AND DOWN I go, . . . loving the spin I'm in" might have been written by Harold Arlen and Johnny Mercer as an anthem for the dollar. As it spins down, cries of both glee and anguish are heard in the land, and economists scramble to offer explanations.Some of these experts are confessing confusion, as all--well, almost all--signs point to dollar strength. The latest jobs report shows that the economy is steaming ahead. The Fed has again raised interest...

I Wouldn't Touch It With a 10 Foot Poll Debating The Impact The fable of the first Presidential debate is well known. Richard Nixon was known as highly intelligent, determined, and both experienced and skilled in the art of debate. His opponent, the young and dynamic John F. Kennedy, understood the medium better. Nixon showed up weary, and foolishly did not use makeup. Kennedy was tanned and rested, and had his presentation professionally attended. The cameras made Kennedy look even better, while the sweating and pale Nixon came across sickly and nervous. According to the fable, those who heard...

I Wouldn't Touch It With a 10 Foot Poll Turnout Model The Republican convention is over, and polls are coming out showing very different pictures of the Bush bounce. Time Magazine has the President up by 10. Newsweek did that one better, having him up by 11. Rasmussen has him up by 2, although he says if one outlying day's sample is factored out it becomes a four point lead. Gallup splits the difference, having Bush leading by seven points. Rasmussen was concerned enough at the reaction to his firm's different result that he wrote an explanation. The crux...

I Wouldn't Touch It With a 10 Foot Poll The Vanishing Approval Gap I got one right, now I have to go for the other. Back when John Kerry chose John Edwards to be his running mate, I wrote an article in which I predicted a 4-7 point bounce for Kerry. Now it is time for the Republican convention, and the national polls and the state polls are both showing a race that is too close to call at this point due to Kerry's bounce fading away. In the past, there has been one measure which has been phenomenal...

<p>Kevin Drum of the Washington Monthly recently wrote an intruiging piece that argues that when the media reports a poll as showing a statistical tie, this is not necessarily the case.</p> <p>In fact, what we're really interested in is the probability that the difference is greater than zero — in other words, that one candidate is genuinely ahead of the other. But this probability isn't a cutoff, it's a continuum: the bigger the lead, the more likely that someone is ahead and that the result isn't just a polling fluke. So instead of lazily reporting any result within the MOE as a "tie," which is statistically wrong anyway, it would be more informative to just go ahead and tell us how probable it is that a candidate is really ahead.</p>

I Wouldn't Touch It With a 10 Foot Poll Panic Time? The first convention ended. The second, approaching. Individual state polls agreed that the challenger was in a commanding position. Key battleground states such as Oregon, Missouri, Pennsylvania, New Mexico, Florida, New Hampshire, and Iowa were all polling very well for him. To a lesser degree, so were West Virginia, Maine, and Arkansas. Washington was in his ledger. So was Michigan, and Ohio, and Minnesota. An extremely dire set of circumstances, indeed. By the ECB scorecard, the challenger had over 300 electoral votes heading his way. His opponent, despite...

I Wouldn't Touch It With a 10 Foot Poll The Kerry/Edwards Bounce Redux Every week, Ruy Teixeira of the Center for American Progress pens a column titled "Public Opinion Watch". His latest effort focuses in on the polls released following the Democratic National Convention. Mr. Teixeira examines several polls and concludes "arguably, Kerry got a substantial bounce where he needed it most". He begins well, by rightly chastising Newsweek for rushing out a poll to measure Kerry's convention bounce without waiting until after Kerry's speech to begin their polling. That was shoddy journalism, presumably done merely to try to...

Current status: Kerry 224 Bush 187

The Democratic National Convention is underway, but it will be a little bit before we get any state polls that would reflect any bounce for Kerry and Edwards reflective of the impact of the events. However, it has been a few weeks since Senator Kerry named Senator Edwards as his running mate, and there have been a number of polls released since then that allow us to get a feel for how the race has changed on the state level since then. With the exception of West Virginia, Maine, Tennessee, Colorado, and Washington, every state that had an Electoral College...

I Wouldn't Touch It With a 10 Foot Poll Approval Gap A new phrase is about to become prevalent in the election year lexicon; "The Approval Gap" is simply the difference in support the President gets in the election match-up ("horserace") question in polls, and his job approval rating. Republican pollster Fabrizio, McLaughlin, and Associates did a (very flawed, due to an unacceptably small sample size) analysis of Approval Gap voters. Rasmussen will be doing a more comprehensive one within a few days. Before these pollsters had picked up on the theme, and before the phrase "Approval Gap" had...

I Wouldn't Touch It With a 10 Foot Poll 24 States Throughout the months of May and June, the Rasmussen daily Presidential tracking poll showed a remarkably stable race. Neither candidate ever went ahead by very much, and always came right back to the other. The race has been a deadlock, as day after day of the tracking poll showed. In some quarters, the stability of these polling numbers became a bit of a running gag, with Mickey Kaus quipping more than once, "nothing moves Rasmussen's robots". John F. Kerry had a few more better days in May according...

I Wouldn't Touch It With a 10 Foot Poll Bounce! In July 1976, the polls were showing President Ford in all sorts of trouble against his challenger, a peanut farmer from Georgia with an oversized smile and a number of fawning profiles in the major news magazines. The Gallup poll showed him trailing Mr. Carter by 13 points, then by 18 points, then by 17 points. His support level in the horserace question had fallen to the mid-30s, with his opponent consistently coming in comfortably above 50%.And the worst had yet to come, as the Democratic Convention took place...

I Wouldn't Touch It With a 10 Foot Poll Yeah, But... Ed Goeas is a Republican pollster with The Tarrance Group. Celinda Lake is a Democrat pollster with Lake, Snell, Perry & Associates. In election years, they collaborate on the Battleground Poll, which is now sponsored by George Washington University. The Battleground Poll is my personal favorite. In 1992 and 1996, it was the most accurate poll on the Presidential election. In 2000, they had a bit of an off year, coming up 3.5 points off-- still well within the margin of error (and since tracking polls that continued...

I Wouldn't Touch It With a 10 Foot Poll Issues Let's look at some recent polls that asked issue questions beyond the horserace question. There have been three that I have chosen due to them being relatively similar in timeframe and having many similarly worded questions. Horserace Poll Date Universe Bush Kerry ABC News / Washington Post 6/17-20 1,105 RV for Horserace, 600 adults for issues 44 48 Time / CNN / Harris Interactive 6/12-13 563 RV for Horserace, 1,001 adults for issues 49 42 Fox News / Opinion Dynamics 6/8-9 900 RV 42 42 I think it is...

<p>A few weeks back, I wrote about what can be gleaned by comparing Apples to Apples. This week, I will be comparing apples to oranges-- how different polling companies involved in multiple states match up. I began writing this article on Sunday, so the data I am using is from before then. For each company examined, I will show their most recent numbers in any state that another multi-state polling company has released numbers. For this, I have limited the information to those polls conducted since Kerry became the Democrat's nominee. Since that time, while there has been some apparent movement in some states, overall the race has been remarkably stable, which should minimize distortions in this view caused by different polling dates. The companies I will be looking at are Rasmussen, Zogby, SurveyUSA, Research2000, Mason-Dixon, Quinnipiac, and American Research Group.</p>

I Wouldn't Touch It With a 10 Foot Poll Travels The Presidential campaign has settled down a bit into the post-primary doldrums where certain equilibrium takes hold and rapid swings in public opinion do not happen without the impact of a major news event. Certainly, with the economy recovering, with the nation on constant pins and needles over possible terrorist attacks, and especially with our fighting forces in harm's way in Iraq, such news never seems to be out of the question. Life in 2004 has a feeling of waiting for the other shoe to drop-- a feeling that...

I Wouldn't Touch It With a 10 Foot Poll Breaking Conventional Wisdom Democrats are feeling pretty good about their chances in the Presidential election, and not without reason. Bush's approval ratings have famously descended to the low 40s, and as Susan Estrich and various other Democrats have been gleefully pointing out, no incumbent since the advent of polling has been re-elected with approval numbers this low, this late. Pollster John Zogby has declared that the race is Kerry's to lose. James Carville has written that it is over. Dick Morris suggests that Bush is in serious, serious trouble. Sure...