The EURO is collapsing and the Dollar is soaring.

[Neubarth]

What a wonderful thing is happening.

 

[CrusaderFrank]

Soros is making another fortune

 

[uscitizen]

The price of oil should drop then.

 

[Jos]

What a wonderful thing is happening.

If you really believe that nobath go into forex trading

 

[52ndStreet]

I have always felt the the Euro is artificially overvalued, when compared to the U.S. Dollar$$!

 

[Neubarth]

I have always felt the the Euro is artificially overvalued, when compared to the U.S. Dollar$$!

The dollar lost some of the Soaring potential as the day wore on. Consequently the jump in the Dow now is not seen as all that great. Europe has to settle the Greek issue, or their currency will continue to fall.

Of course, that could be exactly what they want to boost European exports.

Hey, just how corrupt is this mess?????

 

[boedicca]

The price of oil should drop then.

That makes absolutely no sense.

If anything, devalued currency (euros) just makes a commodity relatively more expensive. A stronger dollar is not going to make oil cheaper - there is too much international demand and the price of gasoline in the U.S. is much cheaper than is other parts of the world.

 

[Neubarth]

The price of oil should drop then.

That makes absolutely no sense.

If anything, devalued currency (euros) just makes a commodity relatively more expensive. A stronger dollar is not going to make oil cheaper - there is too much international demand and the price of gasoline in the U.S. is much cheaper than is other parts of the world.

Absolutely Correct! Of course there is the short term effect, that would tend to drive down fuel prices in the US. As we all know that is too much temptation to raise rates for American distributors, and thus, they will.