This video from the USA is called WSI TV – DOLLAR DROPS TO RECORD LOW AGAINST EURO.
By Nick Beams:
Markets continue to rise but US dollar slides
3 October 2007
In the two weeks since the US Federal Reserve Board cut interest rates by half a percentage point in response to the crunch in credit markets, stock markets have taken off. On Monday, the Dow Jones index closed at over 14,000 points, a new record. Similar market rises have been registered around the world.
But while the interest rate cut has given equity markets a boost, there are clear signs that long-term problems in the global economy are coming to a head.
The area of greatest concern is the value of the US dollar, which has fallen continuously since the Fed’s moves on interest rates.
An article in the Economist magazine last week posed the question: “When does a gentle slide become a dangerous skid?”