Dollar loses ground as oil set to rise


	Dollar loses ground as oil set to rise

AcesLucky

6-19-2008 10:21 AM

294 views

tags:

forex, oil, dollar, pound, currency

AcesLucky says:

Time to open up the reserves. Is anyone in congress listening?

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/6bce9174-6e57-4361-a427-75d0f272274d/C00633FE-D5FB-44D6-A2A5-9FFF699E5C43/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://phoenix.cox.net/cci/moneynews/news?_mode=view&_state=maximized&view=article&id=D91D2FAO5&_action=validatearticle" href="http://phoenix.cox.net/cci/moneynews/news?_mode=view&_state=maximized&view=article&id=D91D2FAO5&_action=validatearticle" style="font-size: 11px;">phoenix.cox.net</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://phoenix.cox.net/cci/moneynews/news?_mode=view&_state=maximized&view=article&id=D91D2FAO5&_action=validatearticle"><P>FRANKFURT, Germany (Associated Press) --  The dollar fell against the euro Thursday as oil prices looked set to rise on reports of a Nigerian oil field attack.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://phoenix.cox.net/cci/moneynews/news?_mode=view&_state=maximized&view=article&id=D91D2FAO5&_action=validatearticle"><P>Olav Ljosne, a spokesman for Royal Dutch Shell confirmed an attack, but gave no details. He said production had been stopped from the field, which normally produces about 200,000 barrels of crude per day.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://phoenix.cox.net/cci/moneynews/news?_mode=view&_state=maximized&view=article&id=D91D2FAO5&_action=validatearticle"><P>The British pound rose to $1.9622 from $1.9569, while the dollar slipped to 107.50 Japanese yen from 107.99 yen in New York late Wednesday.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/C00633FE-D5FB-44D6-A2A5-9FFF699E5C43/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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