Posted on 07/24/2011 3:10:48 PM PDT by scooby321
USD United States Dollar 1.0864 1.0852 0.0012 0.11 JPY Japanese Yen 85.0300 84.9300 -0.1900 -0.22 EUR Euro Euro 0.7544 0.7534 -0.0015 -0.20 GBP British Pound 0.6654 0.6646 -0.0002 -0.03 CAD Canadian Dollar 1.0303 1.0291 0.0015 0.15 HKD Hong Kong Dollar 8.4598 8.4581 0.0133 0.16 INR Indian Rupee 48.1660 48.1400 0.0750 0.16 IDR Indonesian Rupiah 9264.0500 9252.3400 14.4900 0.16 MYR Malaysian Ringgit 3.2319 3.2283 0.0050 0.16 NZD New Zealand Dollar 1.2560 1.2541 0.0012 0.10 SGD Singapore Dollar 1.3123 1.3116 0.0021 0.16 ZAR South African Rand 7.3672 7.3475 0.0073 0.10 CHF Swiss Franc 0.8827 0.8816 -0.0055 -0.62 THB Thailand Baht 32.3600 32.3200 0.0300 0.09
Major Currency Cross Rates Currency AUD USD EUR GBP JPY NZD $1 AUD 1 1.0862 0.7541 0.6650 84.9500 1.2560 $1 USD 0.9206 1 0.6942 0.6120 78.1900 1.1547 €1 EUR 1.3275 1.4405 1 0.8822 112.7500 1.6649 £ GBP 1.5053 1.6340 1.1340 1 127.7600 1.8878 ¥1 JPY 0.0118 0.0128 0.0089 0.0078 1 0.0148 $1 NZD 0.7979 0.8660 0.6014 0.5305 67.8000 1
(Excerpt) Read more at tradingroom.com.au ...
Ben and Timmy will NOT be pleased...
Yep, next scare tactic please - Mr. President.
I guess they’re going to fall back on the social security and military checks again. Since the default drop-dead date is really Aug 10th, Boehner should just let it go there and make barry eat his words that Aug 3rd ss/mil checks won’t go out.
How about this scenario. The debt ceiling is not raised. The government can only spend what it brings in. Voila, a balanced budget. The markets react favorably because not only can the US pay the interest, it is balancing its budget.
Naa...can’t do. Common sense and government don’t go together.
No, the dollar is not losing further ground (it's been crashing for years) because there are a few brave souls who believe the GOP may not cave to the commies.
LOL! Oh, there’ll be a default. Bipartisan socialist policies have consequences.
Kenyan shilling does not look good,
Gold is up $16 to a new high of $1618. It appears the gold bugs have no confidence in Washington fixing the problem other than by printing some more worthless paper dollars.
Default on the debt is not an option (14th amendment) or an issue (tax receipts exceed interest payment on the debt every month).
Fun part will be the Treasury decides who else gets paid.
I’m entering a long Aussie Dollar/short USD position right here, at 1.0835
Also considering a Singapore Dollar long...
LOL LOL LOL,Good one!!
The trillions in IOUs held by SSA are counted already against the debt ceiling. They could be handed back to the Treasury, who could issue this debt to the public (or even the Federal Reserve) and raise cash to pay recipients. This is the 'trust fund' people invoke when they claim Social Security is solvent for another two decades.
I knew it. If the US acts like responsible adults, the market will go up.
How to act like responsible. DO NOT raise the debt ceiling and don’t spend money like water
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