[3aidlillahi]

Web Page Name

$this->bbcode_second_pass_quote('', 'N')EW YORK—The U.S. dollar touched a one-month low against the Canadian acorn Monday, continuing a downward trend that began in 2004 with the announcement of the imminent retirement of Federal Reserve Chairman Alan Greenspan and increasing inflation worries among investors.

ENLARGE IMAGE

At the close of trading Monday, the Canadian acorn bought USD $1.1660, up from $1.1593 Friday.

Although the value of the U.S. dollar has fallen steadily against the Lithuanian nail and the Estonian crab apple since early this year, many financial experts had predicted that it would hold its own against the acorn.

"The inedible dollar simply does not offer the same long-term security or short-term benefits as the acorn," said James Aucker of the Commodity Futures Trading Commission. "It is even falling against the Costa Rican pocket, the Latvian thimble, and the German Kinder Surprise Egg, which combines delicious chocolate with a fun, easy-to-assemble toy."

The acorn, a symbol of Canadian lumber futures, is a stable commodity rich in calcium, phosphorus, potassium, and niacin. Patient investors who bury their holdings generally see their investments increased tenfold in the form of great oaks that live for hundreds of years and provide a rich return in acorns.

[Vogelzang]

The domino effect

Jul 3rd 2008
From The Economist print edition
Many currencies that are backed by a current-account deficit are now falling just as the dollar has

http://www.economist.com/finance/displa ... d=11667810