Financial Times is a British paper, not German. I wouldn't doubt if it is pro-pound propaganda trying to scare the Germans.
It doesn't seem to be working, as the euro went up 2 cents compared to the dollar today.
The euro will hold its own until 20 Mar 2006, when it will become the 2-nd oil currency and only currency to be used by the Iran Oil Bourse. Then it will SOAR!
Re: 50th out of 58 - the failing single currency
October 25 2005, 11:36 PM
Dollar Falls Against the Euro
Tuesday 25 Oct 2005 17:22 ET
Dollar Falls Against Euro, Which Rises Above $1.20 Mark As Hopes for ECB Rate Increase Fade
NEW YORK (AP) -- The dollar fell against the euro Tuesday after a report showed U.S. consumer confidence fell for a second month in October.
The 12-nation euro bought $1.2096 in late New York trading, up from $1.1979 in New York late Monday.
The U.S. Consumer Confidence Index declined to 85 in October, the lowest level in two years, from September's revised reading of 87.5, which had been the sharpest drop in 15 years.
Also supporting the euro was a report showing confidence in the German economy climbed to 98.7 points in October, from 96 points in September, as executives' assessment of their current situation improved. Their outlook for the next six months improved for the fifth consecutive month.
In other currencies, the British pound also moved higher against the dollar, buying $1.7844, up from $1.7675 in New York. The dollar fell against the Japanese currency, buying 114.88 yen compared to 115.92 yen on Monday. The dollar fell to 1.2579 Swiss francs from 1.2871, and to 1.1767 Canadian dollars from 1.1874.
kilo-bee
Re: 50th out of 58 - the failing single currency
October 26 2005, 9:37 AM
If I ever need a definition of "desperate" and Wikipedia is not on hand to ask I can always choose a post by Danial to look at.
Works every time.
Re: 50th out of 58 - the failing single currency
October 26 2005, 11:51 AM
"If I ever need a definition of "desperate" and Wikipedia is not on hand to ask I can always choose a post by Danial to look at.
Works every time."
Let's see how ignorant your comment makes you look. Tony posts something negative against the euro. I find something on Yahoo that counters his claim. The article shows that US consumer confidence is dropping and German business confidence is rising. So, that makes me desperate, but not Tony for posting something absurd to begin with. What works every time is your making a response where none is due and it being a very stupid one.
kilo-bee
Re: 50th out of 58 - the failing single currency
October 26 2005, 12:45 PM
Tony posted an off-topic post - he even admitted it.
You grabbed the bait for all it's worth. You nibbled it to destruction.
Which made you look desperately desperate. You even attempt to claim that the FT will have a sort of vendetta agains the German Economy.
Have a guess who looks ignorant?
Now do us a favour and make yourself look even more stupid.
Below this post please, there's a good fellow....
Current Topic - 50th out of 58 - the failing single currency