Thursday, January 03, 2008

More Dollar problems

OIL HITS RECORD $100; FALLS BACK...

Wall St start worst in 25 years...

Dollar fear...



GOLD HITS RECORD...

Chinese currency hits new high against U.S. dollar : China's currency, the yuan, hit a new high against the U.S. dollar on Wednesday, breaking the 7.30 mark to reach a central parity rate of 7.2996 yuan to one dollar.

Oil Prices Soar To $100 A Barrel For First Time Ever: Oil prices soared to $100 a barrel Wednesday for the first time ever, reaching that milestone amid an unshakeable view that global demand for oil and petroleum products will continue to outstrip supplies.

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