S&P just downgraded the US debt outlook to negative. Read more: http://www.businessi

[DamnYankee]

Of course, the dollar has not been sliding since the S&P announcement.

As cited earlier:

"The dollar has been sliding since Standard & Poor's downgraded its outlook for U.S. debt earlier this week."

 

[Bonestorm]

As cited earlier:

"The dollar has been sliding since Standard & Poor's downgraded its outlook for U.S. debt earlier this week."

I know what it says. It isn't true. Here's a the five day chart on the dollar relative to the Euro:

The announcement was made Monday morning. The dollar increased in value relative to the Euro in the immediate aftermath of the announcement. If the announcement had any effect on the value of the dollar it would not have taken so long to show up in the market.

 

[DamnYankee]

I know what it says. It isn't true. Here's a the five day chart on the dollar relative to the Euro:

The euro is paper currency just like the dollar, so a decline in the credit rating of the most powerful economy in the world is expected to downgrade it accordingly. Te issue here is the paper currencys' decline against commodities, like oil.

Who could predict that oil prices would be more stable then the US dollar?