|
Author
|
Topic: The strengthening Euro over the Dollar could signal the coming world economic system
|
Trafield
unregistered
|
posted
quote:
Can you really determent the end time by a Value?
By the value of the currency of the revived Roman empire? Yes, I believe you can.
IP: Logged | 
|
|
Miguel
Advanced Member
Member # 47
|
posted
It will go up and it will go down and then it will come as any other sell or business.
Can you really determent the end time by a Value?
What view would be in place when the Euro heat a low of .95 and US heat 1.50, what would the prediction bee!
--------------------
Romans 9:11-24
Our Eschatology may vary even our Ecclesiology may be disputed among us but our Soteriology most assume a singularity and exclusivity which in biblical term is known as Quote; "The Narrow Way" and Quote!
Posts: 2792 | From: Stockton,Ca | Registered: Jun 2002
| IP: Logged |
|
|
Trafield
unregistered
|
posted
The strengthening Euro over the Dollar could signal the coming world economic system which will ultimately lead to the implementation of the 'mark of the beast.'
Dollar Sinks to New Lows Vs Euro
http://www.foxnews.com/story/0,2933,107079,00.html
NEW YORK — The dollar hit an all-time low against the euro on Wednesday, shrugging off U.S. economic data as concerns about possible attacks in the United States during New Year celebrations intensified selling pressure.
A weekly jobless claims report showed new applications for U.S. state jobless benefits hit the lowest level in nearly three years. But the seemingly upbeat report of 339,000 new claims last week failed to support the greenback.
Currency traders are "routinely ignoring positive information, choosing instead to highlight negative information as an excuse to sell the dollar," said Michael Woolfolk, senior currency strategist with the Bank of New York. He noted that the greenback's downward momentum was accentuated by thin markets.
The dollar's performance in recent months has become effectively divorced from that of fairly robust U.S. economic reports because the widening U.S. current account deficit -- the broadest measure of the nation's global trade -- and low U.S. interest rates have punished the greenback.
In addition, Tuesday's U.S. consumer confidence (search), manufacturing and home sales figures fell short of expectations, though they still pointed to recovery in the world's largest economy.
As 2003 drew to a close, the U.S. government ordered warplanes to patrol skies over New York, Las Vegas and other U.S. cities during New Year's Eve celebrations as part of increased vigilance against attacks.
Earlier this month, the U.S. terror alert status was raised to the second-highest level due to heightened fear of attack, darkening dollar sentiment that was already bleak.
The dollar fell to record lows around $1.2647 per euro , according to Reuters data, bringing its losses this year to more than 17 percent.
It also hit its lowest level in six years against the Australian dollar and New Zealand dollar , and hit a 10-year low versus the Canadian dollar below C$1.2900.
Against the yen, the dollar hovered just above recent three-year lows.
In early New York trading, the euro was up 0.6 percent on the day to $1.2620. Against the yen , the dollar was virtually flat at 107.01 yen. Against the Swiss franc the dollar was at 1.2336 francs, down 0.7 percent on the day. The pound rose 0.9 percent to $1.7923.
"Everybody is looking to the February meeting: that seems to be the next major sticking point (for the dollar)" said Tim Mazanec, senior currency strategist with Investors Bank & Trust in Boston.
"At this point in time I would believe that if there was anything (by way of currency market intervention to support the dollar), the Europeans might come in by themselves," Mazanec added.
On Tuesday, a G7 source told Reuters the group would look at the weakened dollar during the Feb. 6 meeting.
Ahead of the G7 talks, there is a bi-monthly meeting among central bankers at the Bank for International Settlements in Basel on Jan. 12.
The G7 source also said European nations were becoming increasingly concerned about the dollar's fall, adding that a level of $1.30 per euro represented a "pain barrier."
IP: Logged |
|
|
|
Printer-friendly view of this topic
