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Mohit on dollar
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    46
    0 starsmohit | Shared With: Everyone - Apr 30 2008 | iran, OPEC, Mahmoud Ahmadinejad, news, dollar, oil
    Iran dumps U.S. dollar for oil trades - CNN.com

    Quoted: Iran, OPEC's second-largest producer, has stopped conducting oil transactions in U.S. dollars, a top Oil Ministry official said Wednesday, in a concerted attempt to reduce reliance on Washington at a time of tension over Tehran's nuclear program and suspected involvement in Iraq.

  • vote
    3
    0 starsmohit | Shared With: Everyone - Dec 05 2007 | news, india, rupee, finance, dollar
    BBC NEWS | Business | Indian rupee at fresh dollar high

    I am planning an India trip in late January and have noticed that things are definitely more expensive (when you convert to dollars at least) than they were on my last trip.

    Quoted: The rupee was worth 39.32 to the dollar in trading on Wednesday, maintaining a trend which has seen it rise 12% against its US counterpart this year.

  • vote
    2
    0 starsmohit | Shared With: Everyone - Nov 13 2007 | bush, money, dollar, gasoline, politics, investment club
    China Venture News: The Dollar, the Yuan, the President, and the Price of Oil... a Rant, I suppose

    Quoted: When they go to war, most governments try to be fiscally conservative. They institute austerity programs that require less spending at home and they raise taxes. President Bush spent more at home (following the Reagan economic model) and cut taxes. Then he borrowed money to fight the Iraq war - borrowed it by selling Treasury bills to other countries.
    ...
    In the last few years I've heard people say that, well, you can't really blame the President for the price of gasoline. After all, it's those nasty Arabs that are raising the price. Recently I've clarified the issue for myself: you really can blame the president for the price of gasoline. His policies and actions have lead to the decline of the dollar. And the decline of the dollar is why gasoline at the pump costs what it does.

  • vote
    1
    0 starsmohit | Shared With: Everyone - Nov 13 2007 | interest rates, dollar, investment club
    Bloomberg.com: Yen Advances to 18-Month High Against Dollar as Stocks Decline

    Quoted: The dollar will trade at $1.51 per euro by year-end, compared with a previous forecast of $1.42, and will fall to $2.13 per pound and 108 yen, versus prior predictions of $2.03 and 112, Stephen Jen, head of currency research in London at Morgan Stanley, wrote in a research note yesterday.
    ...
    Interest-rate futures show 90 percent odds the U.S. central bank will cut rates by a quarter-percentage point to 4.25 percent on Dec. 11, compared with 68 percent a week ago.

  • vote
    9
    0 starsmohit | Shared With: Everyone - Oct 04 2007 | economics, dollar, exchange rate, currency, toread
    A Weaker US Dollar is Good for the United States and its Trading Situation - Economic Myth Busters :: The Market Oracle :: Financial Markets Forecasting & Analysis Free Website

    Why a weaker dollar is not necessarily good for the U.S.

    Quoted: Understanding the fundamentals and action of these two markets is key to understanding how a falling dollar hurts US citizens. Gold is in ‘danger' of reclaiming its status as real money rather than a commodity. We import around 2/3 of our oil and refined petroleum products. We pay for this oil in dollars. This will add upward pressure to the net value of our imports. Rising import prices as a result of the falling dollar are putting added strain on the already compromised balance sheets of many families. Add this situation to the housing fiasco and it becomes a lethal concoction.

  • vote
    5
    0 starsmohit | Shared With: Everyone - Sep 20 2007 | dollar, news, money, canada
    The Canadian Press: Canadian dollar moves close to parity with staggering greenback

    Wow. I remember when I first visited Seattle in 1999, we'd go to Canada to save money.

    Quoted: The Canadian dollar moved decisively above 99 cents US Thursday morning, coming within a hair's breadth of parity against the faltering American dollar for the first time since November 1976.

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