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Home Front: Economy
Dollar May Fall on Concern Oil Prices Will Slow U.S. Economy
2004-10-06
The dollar may fall for a second day against the euro in Asia after oil prices rose to a record, raising concern the U.S. economy may slow. Oil costs have been negative for the economy, and an increase in first-time jobless claims last week may mean job growth will be less than forecast, Robert McTeer, president of the Federal Reserve Bank of Dallas, said yesterday. U.S. service businesses expanded at the slowest pace in 16 months, while an index of consumer confidence fell, reports yesterday showed. ``Soft U.S. data is pressuring the dollar versus the euro,'' said David Mozina, currency strategist in Sydney at ABN Amro Holding NV. ``With oil over $51 a barrel it has a taxing effect on the economy. Dollar weakness is coming back.''
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Enough with all the oil futures, Mark!
Posted by:Mark Espinola

#31  comments); ?>werwer
Posted by: Antiwar   2004-10-06 9:18:24 AM  

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Posted by: Seafarious   2004-10-06 11:22:54 PM  

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Posted by: Mark Espinola   2004-10-06 8:29:31 PM  

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Posted by: Mark Espinola   2004-10-06 8:28:03 PM  

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Posted by: John (Q. Citizen)   2004-10-06 5:43:15 PM  

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Posted by: John (Q. Citizen)   2004-10-06 5:39:10 PM  

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Posted by: Steve   2004-10-06 4:42:33 PM  

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Posted by: Weird Al   2004-10-06 4:27:38 PM  

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Posted by: Mark Espinola   2004-10-06 4:16:36 PM  

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Posted by: Chuck Simmins   2004-10-06 3:56:14 PM  

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Posted by: Weird Al   2004-10-06 3:47:19 PM  

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Posted by: Steve   2004-10-06 3:12:52 PM  

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Posted by: Mark Espinola   2004-10-06 1:36:27 PM  

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Posted by: lex   2004-10-06 12:45:06 PM  

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Posted by: 2b   2004-10-06 12:37:58 PM  

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Posted by: Chuck Simmins   2004-10-06 12:02:52 PM  

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Posted by: 2b   2004-10-06 11:48:46 AM  

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Posted by: lex   2004-10-06 11:35:35 AM  

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Posted by: 2b   2004-10-06 11:27:59 AM  

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Posted by: Weird Al   2004-10-06 11:11:56 AM  

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Posted by: 2b   2004-10-06 11:09:24 AM  

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Posted by: lex   2004-10-06 10:57:24 AM  

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Posted by: trailing wife   2004-10-06 10:05:40 AM  

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Posted by: Antiwar TROLL   2004-10-06 9:18:24 AM  

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Posted by: badanov   2004-10-06 7:52:11 AM  

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Posted by: Weird Al   2004-10-06 7:45:44 AM  

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Posted by: Throons Ebboose8966   2004-10-06 7:42:45 AM  

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Posted by: trailing wife   2004-10-06 7:23:47 AM  

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Posted by: 2b   2004-10-06 2:10:40 AM  

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