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US Dollar Gets Punished |
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2ndLife Commerce
Member
Join date: 26 May 2006
Posts: 38
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05-30-2006 12:41
Daily FX
US Dollar Gets Punished Tuesday May 30, 4:45 am ET By Jamie Saettele -Technical Currency Analyst [email]strategist@dailyfx.com[/email] · Euro Looking Towards 1.2900 · Japanese Yen Breaks 112.00 · British Pound Takes 1.8700 · Swiss Franc Pressures US Dollar · Canadian Dollar Testing 1.1000 · Australian Dollar Breaks .7600 · New Zealand Dollar Challenges .6400  |
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Zapoteth Zaius
Is back
Join date: 14 Feb 2004
Posts: 5,634
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05-30-2006 13:16
Moving this to Off-Topic as it has no direct relation to Second Lifes economy.
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I have the right to remain silent. Anything I say will be misquoted and used against me.
--------------- Zapoteth Designs, Temotu (100,50) ---------------  |
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Rasah Tigereye
"Buckaneer American"
Join date: 30 Nov 2003
Posts: 783
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05-30-2006 13:16
Daily FX US Dollar Gets Punished Tuesday May 30, 4:45 am ET By Jamie Saettele -Technical Currency Analyst [email]strategist@dailyfx.com[/email] · Euro Looking Towards 1.2900 · Japanese Yen Breaks 112.00 · British Pound Takes 1.8700 · Swiss Franc Pressures US Dollar · Canadian Dollar Testing 1.1000 · Australian Dollar Breaks .7600 · New Zealand Dollar Challenges .6400 DUDE! I have a great solution to the falling $L value! Petition the US government for more wars, more outsourcing, and more financing of the national debt through other countries! If we can get the USD to sink faster than the $L, then $L will start to rise in value! Screw the sinks and the stippends debate. This is great!  |
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2ndLife Commerce
Member
Join date: 26 May 2006
Posts: 38
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05-30-2006 13:17
Moving this to Off-Topic as it has no direct relation to Second Lifes economy. What do you think these currencies buy? Linden Dollars.. Their variable exchange rates determine how much an Englishman can afford in Linden Dollars since LL only qoutes US$/L$. |
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Vares Solvang
It's all Relative
Join date: 26 Jan 2005
Posts: 2,235
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05-30-2006 16:56
A falling dollar isn't necessarily a bad thing. It helps US manufacturers to compete overseas by making American made goods less expensive to buy. There have been times when a “strong dollar” have actually hurt the economy. Speaking in very general terms, given the current state of the economy, a “weak dollar” is actually a good thing. It can help stimulate growth
Oh, and I agree, this is directly related to the SL economy. |