Fernando Cassia is a computer geek, the nerd cowboy of the South American pampas. Living down in Buenos Aires, Argentina, his articles on software, hardware and the Net can be read on the pages of the UK based IT news site The Inquirer. Welcome to his progressive and humanist view of the world.
Thursday, March 13, 2008
Dollar sinks even lower...
``Sentiment for the dollar continues to deteriorate very, very rapidly and if we're not careful this will turn into a dollar crash, said Mitul Kotecha, head of foreign-exchange research in London at Calyon, the securities unit of Credit Agricole SA, France's second-biggest bank."
"President George W. Bush acknowledged the U.S. currency's decline was not ``good tidings.'' The dollar's drop may prompt Middle East central banks to reduce dollar holdings, Greg Gibbs, a strategist at ABN Amro Holding NV in Sydney, said in a report."
Dollar Falls to 12-Year Low of 100 Yen on Carlyle Fund Failure
http://www.bloomberg.com/apps/news?pid=20601087&sid=a8q2vC2.8OyU&refer=home
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