Sunday, November 18, 2007

I am grateful for a strong dollar and even stronger economy.


Recognize this one? No? It's been taken out of circulation. It's the USA Silver Certificate.


Australia Dollar Rises; OPEC May Consider Non-U.S. Dollar Sales (click title to entry)
By David McIntyre
Nov. 19 (Bloomberg) -- The Australian dollar rose a second day as the U.S. dollar weakened on speculation oil producing nations are considering selling the fuel in other currencies.
The local dollar gained after the Organization of Petroleum Exporting Countries summit in Riyadh on Nov. 18, where Iran and Venezuela attempted to get the group to discuss pricing oil in other currencies. Separately, an official said the six nations of the Gulf Cooperation Council, whose currencies are pegged to the U.S. dollar, will jointly consider a revaluation in December.
``There were a number of events over the weekend, including the talk about a move away from a U.S. dollar peg and OPEC discussing pricing in other currencies, that caused the U.S. dollar to be weaker,'' said Sue Trinh, a senior currency strategist in Sydney with RBC Capital Markets. ``That helped the Australian dollar higher.'' ...