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To: Hal1950
The dollar tumbled to 115.13 yen from 115.90 on Friday.

115.13 to 115.9 is a tumble?

2 posted on 05/19/2003 1:03:55 PM PDT by T. P. Pole
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To: T. P. Pole
115.13 to 115.9 is a relatively big shift for a single day's trading, but not a particularly big deal. There are plenty of days the Dow goes up or down 200 points or more, and then is right back where it started two or three days later.

Financial reporters just aren't very good at looking backwards beyond yesterday's trading. If stock X tumbled from $15 to $5 yesterday, but jumped from $5 to $6.25 today, they'll report on how "stock X was the number one gainer on the Dow today..."

7 posted on 05/19/2003 1:09:34 PM PDT by Timesink
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To: T. P. Pole
Yes because you're looking at it from the yen's perspective. Now you can buy more dollars with the same amount of yen.
14 posted on 05/19/2003 1:34:57 PM PDT by Bogey78O (check it out... http://freepers.zill.net/users/bogey78o_fr/puppet.swf)
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