Dollar In The Toilet — Euro, All-Time High Against Dollar

Wow! The dollar lost more ground again. Even to the Canadian Dollar!

1Euro= $1.40
1Pound= $2.00
1Can.Dollar= $1

The 1=1 rate with the Canadian Dollar hasn’t happened since 1976! Authorities are calling it a logical reaction to the Feds dropping the interest rate half a point to 4.75%. Boy I hope they’re right.

Read more about it from the NYTimes

Good thing I get paid in Euros. 😉