uscitizen
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Meanwhile in Gotham City .....
Dollar Declines to All-Time Low Against Euro as Economy Slows
By Min Zeng and Bo Nielsen
April 27 (Bloomberg) -- The dollar dropped to an all-time low against the euro after the U.S. government reported the economy grew at its slowest pace in four years.
The dollar also weakened against most other major currencies, with a Federal Reserve index measuring dollar strength near the lowest level in its 36-year history. The U.S. currency pared its decline against the euro after the record low triggered buy orders.
``The main trend is averse to the dollar,'' said Paul A. Samuelson, professor emeritus of economics at the Massachusetts Institute of Technology and a Nobel Prize winner in economics. ``With the U.S. in moderate slowdown, that's not encouraging foreign savers at the old dollar exchange rate.''
The dollar fell as weak as $1.3681 per euro today, eclipsing the previous record low of $1.3666, touched April 25 and first reached Dec. 30, 2004. The euro debuted in January 1999 at about $1.17. The dollar traded at $1.3642 at 3 p.m. in New York.
U.S. gross domestic product, the sum of all goods and services produced, grew at an annual rate of 1.3 percent from January through March after a 2.5 percent pace in the fourth quarter, the Commerce Department reported in Washington today.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aSp.blLzk9D4
And....
Ford says April auto industry sales "terrible"
Fri Apr 27, 2007 11:09am ET139
DETROIT (Reuters) - Ford Motor Co. (F.N: Quote, Profile , Research) said on Friday that U.S. auto industry sales to date in April were "terrible" as consumer confidence was hit by a slow housing market and rising gas prices.
"This month is terrible," Ford chief sales analyst George Pipas said in an interview. "We are not even close to where we expected to be in April."
http://today.reuters.com/news/articlenews.aspx?type=businessNews&storyid=2007-04-27T151903Z_01_N27301282_RTRUKOC_0_US-FORD-SALES-US.xml&src=rss&rpc=23
Dollar Declines to All-Time Low Against Euro as Economy Slows
By Min Zeng and Bo Nielsen
April 27 (Bloomberg) -- The dollar dropped to an all-time low against the euro after the U.S. government reported the economy grew at its slowest pace in four years.
The dollar also weakened against most other major currencies, with a Federal Reserve index measuring dollar strength near the lowest level in its 36-year history. The U.S. currency pared its decline against the euro after the record low triggered buy orders.
``The main trend is averse to the dollar,'' said Paul A. Samuelson, professor emeritus of economics at the Massachusetts Institute of Technology and a Nobel Prize winner in economics. ``With the U.S. in moderate slowdown, that's not encouraging foreign savers at the old dollar exchange rate.''
The dollar fell as weak as $1.3681 per euro today, eclipsing the previous record low of $1.3666, touched April 25 and first reached Dec. 30, 2004. The euro debuted in January 1999 at about $1.17. The dollar traded at $1.3642 at 3 p.m. in New York.
U.S. gross domestic product, the sum of all goods and services produced, grew at an annual rate of 1.3 percent from January through March after a 2.5 percent pace in the fourth quarter, the Commerce Department reported in Washington today.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aSp.blLzk9D4
And....
Ford says April auto industry sales "terrible"
Fri Apr 27, 2007 11:09am ET139
DETROIT (Reuters) - Ford Motor Co. (F.N: Quote, Profile , Research) said on Friday that U.S. auto industry sales to date in April were "terrible" as consumer confidence was hit by a slow housing market and rising gas prices.
"This month is terrible," Ford chief sales analyst George Pipas said in an interview. "We are not even close to where we expected to be in April."
http://today.reuters.com/news/articlenews.aspx?type=businessNews&storyid=2007-04-27T151903Z_01_N27301282_RTRUKOC_0_US-FORD-SALES-US.xml&src=rss&rpc=23
