Monday, May 2, 2011


From the Financial Times of London.

The dollar was enjoying its first rally in nine trading days on Monday, bolstered by the the perceived blow to global terrorism from the killing of al-Qaeda leader Osama bin Laden.
However, its bounce quickly ebbed after the latest US manufacturing data showed that growth in output had slowed slightly from strong levels, but that export orders hit economic cycle highs as the weak dollar made pricing more competitive.
“This shows how difficult it is for the dollar to get a sustained lift until the data starts to significantly pull forward US rate expectations,” said Alan Ruskin at Deutsche Bank.
The U.S. Dollar appears stuck in a decline and its going to take alot more for it to regain its strength its lost in the past 18 months.

1 comment:

  1. And this is relevant to Robotech how?????!!!! Why don't you post this over at your old blog as it would be more appropriate. Unless Darkwater gave you his consent and blessing to take over his blog you are not honoring the the blog's URL name nor are you doing any favors for the Robotech community - in fact, you're doing a major disservice - by posting irrelevant news about gas and dollar prices.