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DimPrawn
19th March 2009, 10:47
http://news.bbc.co.uk/1/hi/business/7952319.stm

The dollar has fallen against all major currencies after the US Federal Reserve announced a plan to buy $1.2tn (£843bn) of debt to boost its economy.

The dollar fell by 2.7% against the euro and by 2.2% against the pound.

The US currency also declined against the yen, the Norwegian krone, the Australian dollar and Brazilian real.

The Fed's decision to buy debt means it is effectively creating new money, leading to concern from investors about the over-supply of dollars.

Dollar rally ends

The dollar traded at $1.428 against the pound, its lowest since late February.



I see Gold is shooting up and so are commodities. FIAT currencies are becoming worthless as the major banks head for the printing presses. Fill yer wheelbarrows!

sasguru
19th March 2009, 10:50
[url]
I see Gold is shooting up ...

:smokin

AlfredJPruffock
19th March 2009, 10:52
http://news.bbc.co.uk/1/hi/business/7952319.stm

The dollar has fallen against all major currencies after the US Federal Reserve announced a plan to buy $1.2tn (£843bn) of debt to boost its economy.

The dollar fell by 2.7% against the euro and by 2.2% against the pound.

The US currency also declined against the yen, the Norwegian krone, the Australian dollar and Brazilian real.

The Fed's decision to buy debt means it is effectively creating new money, leading to concern from investors about the over-supply of dollars.

Dollar rally ends

The dollar traded at $1.428 against the pound, its lowest since late February.



I see Gold is shooting up and so are commodities. FIAT currencies are becoming worthless as the major banks head for the printing presses. Fill yer wheelbarrows!


Norwegian Krone is looking good.

threaded
19th March 2009, 10:54
Norwegian Krone is looking good.

Indeed. Apparently there's a few getting worried that the Swiss will vote in changes to their banks secrecy laws, so they're doing a runner.

fckvwls
19th March 2009, 10:57
:smokin

Sasguru and his missus (http://i207.photobucket.com/albums/bb125/Cheeriotown/goldteeth.jpg) boomed!

Only a couple left though :ohwell

AlfredJPruffock
19th March 2009, 10:59
Indeed. Apparently there's a few getting worried that the Swiss will vote in changes to their banks secrecy laws, so they're doing a runner.

Yep its looking the Roll could be over for the Swiss.

Also - do you remember we used to have a poster named MailMan who would constantly remind us of how wonderful and superior the US economy was ane how vital thr Iraq War was - just wondering why he is now notable by his absence?

denver2k
19th March 2009, 11:01
Still GBP-USD is about 2% down as compare to last month.

sasguru
19th March 2009, 11:03
Also - do you remember we used to have a poster named MailMan who would constantly remind us of how wonderful and superior the US economy was ane how vital thr Iraq War was - just wondering why he is now notable by his absence?

In an ideal world Mailman put his money where his mouth is, volunteered for the war in Iraq and is busy fighting the baddies.
But more likely he got sacked from his role sorting mail in the mailroom.

sasguru
19th March 2009, 11:03
Also - do you remember we used to have a poster named MailMan who would constantly remind us of how wonderful and superior the US economy was ane how vital thr Iraq War was - just wondering why he is now notable by his absence?

In an ideal world Mailman put his money where his mouth is, volunteered for the war in Iraq and is busy fighting the baddies.
But more likely he got sacked from his role sorting mail in the mailroom.

swamp
19th March 2009, 11:03
In other news, Euro kicks Pound's arse (http://uk.reuters.com/article/businessNews/idUKLI35339320090318).

(I will be finding out myself when I go skiing on Saturday...)

denver2k
19th March 2009, 11:49
In other news, Euro kicks Pound's arse (http://uk.reuters.com/article/businessNews/idUKLI35339320090318).

(I will be finding out myself when I go skiing on Saturday...)

Does it seem to be good enough reason to join Euro and abolish pound..

Doggy Styles
19th March 2009, 12:56
Why did that subject line remind me of:
Mandelson Pounds Brazillian Arse

?

Bagpuss
19th March 2009, 12:57
Today I shall mostly be shorting the dollar, unless it goes up, then retrospectively I went long.

Yours

Santa Claus

Doggy Styles
19th March 2009, 12:58
Today I shall mostly be shorting the dollar, unless it goes up, then retrospectively I went long.

Yours

Santa ClausI moved out of property at the peak, and I'm now into rent boys.

Not So Wise
19th March 2009, 13:41
Year ago was around 2 to 1
Now is 1.4 to 1

Hardly a ass kicking, more like someone writhing on the floor after getting kicked in the ball's, accidently clipping their opponents shins

DimPrawn
19th March 2009, 14:06
Year ago was around 2 to 1
Now is 1.4 to 1

Hardly a ass kicking, more like someone writhing on the floor after getting kicked in the ball's, accidently clipping their opponents shins

Mere detail. :wink