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Friday, October 23, 2009

Dollar plunge gets worse... now at 14-month low

The tremendous decline in the value of the U.S. dollar continues. The FT reports:

The dollar fell through $1.50 against the euro for the first time in 14 months on Wednesday as optimism over the prospects for global growth continued to weigh on the US currency.

The dollar dropped to a low of $1.5017 against the euro in afternoon trading in London, its weakest level since August 11 2008.

Remember folks… this is what your leaders want… it makes paying off our debts much easier… for a while.

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