Dollar hits 14 year low against the British Pound.

Discussion in 'General Chat' started by AGS, Apr 16, 2007.

  1. uttoransen

    uttoransen Prominent Member

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    #21
    this is what i was talking about, the exchange rates were 47INR to one dollar, that is now less than 41, we are losing too much money.

    Yesterday in the news they were talking about the exchange rates, and the dollar can get under 40 or less, which has not happened since a long time.

    already the dollar has fallen 10% down in the last 6 months!!
     
    uttoransen, Apr 16, 2007 IP
  2. Valhalla

    Valhalla Well-Known Member

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    #22
    They reckon due to the American trade deficit the euro could be worth $1.70 soon, also the chinese have the largest reserves of US dollars in the world something massive like a trillion dollars, and apparently they are looking to diversify from dollars to other currencys which would also weaken the dollar.

    When you see the price of gold at record highs you know there is hard times coming!
     
    Valhalla, Apr 18, 2007 IP