Here’z some good news!!! Dollar rose

**intelligent** Thu Dec 14, 2006 1:56 am

Here’z some good news!!! Dollar rose
Since Christmas is nearing let’s share some good news !!!!!!!

The dollar which was declining from past 3 weeks has suddenly risen making all of them happy. The U.S dollar rose yesterday by 0.5 percent against the Euro, 0.3 percent against the Pound, and 0.4 percent against the Yen. The sole reason why the dollar rose is --- one click will take you to the reason

**patanx** Thu Dec 14, 2006 1:36 pm

The dollar rose a second straight day against the euro after a government report showed a drop in U.S. workers filing 1st time jobless claims in the past week.

The U.S. currency climbed to a 3 week high versus the yen as the data allayed concern a slowdown in housing and manufacturing is spilling over into the broader economy.

The dollar will be resilient in the short-term. People have been betting on a weakening economy, Fed rate cut and a weak dollar.

If you want to take a look at some cool analysis on the most important currencies, you can take a look at www.e-nvestments.blogspot.com

**intelligent** Fri Dec 15, 2006 2:20 am

Yeah, the U.S dollar is recovering itself from the past status. From past week, it started a series of come-back. And yesterday, the unemployment data has given a new look to the U.S dollar. It is expected that the U.S currency market will have its own support by raise in the U.S dollar