Thursday, August 21, 2008

U.S. Dollar Falls Against Most Major Currencies on Geo-political Concerns and Rising Oil Prices

Ongoing bad economic data as well as rising oil prices related to geo-political tensions are driving the U.S. dollar down, as it fell against most major currencies on Thursday.

Oil prices have had a direct impact on the strength or weakness of the dollar, as its recent strength correlated with dropping oil prices, and the increase in oil prices is now again putting downward pressure on the greenback.

"The sharp drop in crude prices single-handedly triggered the sharp dollar rally between July and mid August. Now that oil prices are creeping higher once again, it would only make sense to see the U.S. dollar slip as well," wrote Kathy Lien, director of currency research at GFT, in a note to clients.

A report from the Conference Board added pressure to the dollar, as leading economic indicators dropped by 0.7 percent in July, raising the possibility that the economy could flatten out for the rest of 2008.

Manufacturing in the northeast U.S. also continues to drop for the ninth month in a row, although it did slow down in its contraction so far in August, according to the Federal Reserve Bank of Philadelphia.

Continuing problems in the finance and mortgage industry are also keeping pressure on the dollar, as concerns over Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE), and other financial institutions aren't letting up.

Reports that Lehman Brothers (NYSE:LEH) held secret negotiations to sell up to have the shares in the company to Asian concerns didn't help spark confidence in the sector.

27 comments:

Anonymous said...

Great post. I was checking constantly this blog and
I am impressed! Extremely useful info specifically the last part :) I care for such information a lot.
I was looking for this certain info for
a long time. Thank you and best of luck.

my homepage :: オークリー アウトレット

Anonymous said...

Hi there! Do you know if they make any plugins to help with
Search Engine Optimization? I'm trying to get my blog to rank for some targeted keywords but I'm not seeing very good success.
If you know of any please share. Appreciate it!

My homepage; オークリー サングラス通販

Anonymous said...

Hi would you mind letting me know which webhost you're using? I've loaded your blog in 3
different browsers and I must say this blog loads a lot quicker then most.
Can you recommend a good hosting provider at a reasonable price?
Thanks a lot, I appreciate it!

Here is my homepage :: オークリー サングラス

Anonymous said...

Another biggie in which the handbag industry happens to be Prada .

.. This short article is going to supply some akin to the
information that you just have to already know just.
It just generally we have up to be a little bit of more creative.
There are so several designs and designs that will
that you can do make you choose to some form of. http://www.
meteorologie.ro/modules.php?name=Your_Account&op=userinfo&username=ShadDoran

Anonymous said...

You ought to play it safe and stop taking any odds.
Some stars are enhancing their own designer bags now, such whenever Fergie and Jessica Simpson.
.. Likewise, Marc Jacobs is known for the his fashionable range of heels.
Special blend large-sized bag has a baggage label having a
locksmith. http://sulusaray.bel.tr/modules.php?name=Your_Account&op=userinfo&username=KindraBla

Also visit my page :: ヴィトン バック

Anonymous said...

Generally industry is immediately full of fashion designer items only to receive dogs.
It is nevertheless legendary and offers you different types of merchandise according with trends.
Rinse out from the jaws with 1 percentage peroxide.
Knowing that Louis vuitton isn't cheap, buying online legitimate bags can heal a bundle. http://leatherwright.com/modules.php?name=Your_Account&op=userinfo&username=JereStill

My homepage: ヴィトン バッグ

Anonymous said...

Here comes our topic: What sets Nike shoes apart by way of competition?
Another head this the winter is the peep-toe chaussure tn ballet shoe.
Nevertheless, they showcased good comfort and stylishness.
Aujourd'hui, nous avons encore deux qui se prrrsente vant sur l'ensemble des
Nike Air Utmost 90 model. http://www.telabr.com.
br/wiki/index.php?title=Usu%C3%A1rio:Perry83C

Anonymous said...

all of us want to carry the hottest and latest Louis vuitton,
Gucci, Dolce, and as well , Fendi. Some people would comparable to to louis vuitton electric outlet you
. Many people want different shoes wisely to suit different occasions.
The replication is downright exactly like even
serial sizes embossed on each and every items. http://forum.
scanpay.dk/profile.php?id=157289

Anonymous said...

Attractive section of content. I just stumbled upon your weblog and in accession
capital to say that I acquire actually enjoyed account your weblog posts.
Any way I'll be subscribing for your feeds or even I fulfillment you access constantly rapidly.

my site Replica Watches

Anonymous said...

Thanks for another informative site. The place else could I am getting that type of information written in such an ideal approach?
I have a undertaking that I am simply now working on, and I've been on the glance out for such information.

Feel free to visit my site - Replica Watches

Anonymous said...

Hello there, You've done an incredible job. I will certainly digg it and personally recommend to my friends. I'm
sure they'll be benefited from this website.

Also visit my web page - http://www.larplist.com/modules.php?name=Your_Account&op=userinfo&username=LeilaVall

Anonymous said...

If you would like to improve your knowledge simply keep visiting this web site and be updated with the hottest news posted here.



Look at my weblog ... chloe 財布

Anonymous said...

You ought to be a part of a contest for one of the best blogs online.
I am going to recommend this blog!

my site: トリーバーチバッグ

Anonymous said...

Appreciating the time and energy you put into your website and detailed information you offer.
It's nice to come across a blog every once in a while that isn't the
same old rehashed material. Wonderful read! I've saved your site and I'm including your RSS feeds to my Google account.


Also visit my site ... クリスチャンルブタン

Anonymous said...

Hello! I've been reading your blog for some time now and finally got the bravery to go ahead and give you a shout out from Atascocita Texas! Just wanted to say keep up the fantastic job!

Here is my site; トリーバーチ 財布

Anonymous said...

Thanks for sharing your thoughts about christian louboutin Daffodile.

Regards

Feel free to surf to my web page - red bottom shoes

Anonymous said...

I needed to thank you for this great read!! I definitely enjoyed every little bit of it.
I have you book-marked to check out new stuff you post…

Here is my web-site: クリスチャンルブタン

Anonymous said...

Your mode of explaining everything in this article is genuinely fastidious, every one be capable of
without difficulty be aware of it, Thanks a lot.


Look into my web blog クロエ 公式

Anonymous said...

Hi, I do believe this is a great blog. I stumbledupon
it ;) I may come back once again since I saved as a favorite it.
Money and freedom is the greatest way to change, may you be rich and continue to help
others.

Feel free to visit my site Replica Rolex Watches

Anonymous said...

Hi there colleagues, its impressive post about educationand entirely explained, keep it up all the time.



my web-site; クリスチャンルブタン靴

Anonymous said...

Great post. I was checking continuously this blog and I am impressed!

Extremely helpful info particularly the last part :
) I care for such info a lot. I was seeking this certain information for
a long time. Thank you and good luck.

Here is my web site :: コーチ財布

Anonymous said...

Its like you learn my mind! You appear to know so much about this, like you wrote the book in it
or something. I feel that you simply could do with a few percent
to pressure the message home a bit, however other than that, this is magnificent blog.
A fantastic read. I will certainly be back.


Also visit my website :: cheap nike air max

Anonymous said...

Hello, just wanted to say, I enjoyed this post. It was practical.
Keep on posting!

Feel free to visit my weblog ... cheap nike air max shoes

Anonymous said...

Excellent site you have here but I was curious if you knew of any message boards that cover the same topics talked about in this article?
I'd really like to be a part of online community where I can get responses from other knowledgeable people that share the same interest. If you have any suggestions, please let me know. Thanks!

my web site :: cheap nike air max 2009

Anonymous said...

Do you have any video of that? I'd want to find out some additional information.

my blog - Rolex watches

Anonymous said...

Wow, wonderful weblog layout! How lengthy have you
ever been blogging for? you make running a blog look
easy. The entire glance of your website is fantastic, as neatly as the content material!


Here is my web page; Discount rolex watches

Anonymous said...

Normally I don't read post on blogs, but I wish to say that this write-up very compelled me to check out and do it! Your writing taste has been surprised me. Thanks, quite great post.

Look at my web-site ... Replica Rolex watches