Has this ever happened before in currency markets?

[Art_from_Ark]

Today, 1 US dollar is nearly equal to:

1 Australian dollar
1 Canadian dollar
1 Swiss franc
100 Japanese yen

http://finance.yahoo.com/currency?u

[puerco-bellies]

1. Nope.

Unbelievable.

[Adsos Letter]

3. That correlation seems odd...

what do you suppose it means?

[BlooInBloo]

2. Just fyi: For a good backgrounder on historical macro-financial calamaties, this is really good:

http://www.amazon.com/Manias-Panics-Crashes-Financial-Investment/dp/0471467146/ref=pd_bbs_sr_1?ie=UTF8&s=books&qid=1210921737&sr=1-1

[lib2DaBone]

4. Mystery Solved..So Much for Free Markets....

Dollar rally, leaks put fresh focus on G7 meetings
Traders speculate U.S. officials pushed other nations for greenback support
By Laura Mandaro, MarketWatch
Last update: 9:18 p.m. EDT May 15, 2008

<snip> Currency traders now suspect U.S. and European finance officials of some atypical arm-twisting to support the U.S. dollar at last month's G7 meeting, a gathering that initially made little splash in currency markets.

http://www.marketwatch.com/news/story/us-europe-suspected-backdoor-moves/story.aspx?guid=%7B865DEDE5%2D6B7C%2D4EA9%2DA3C3%2D33FDFBD858F2%7D

... Yipeee... does this mean that the U.S. can now print all the money it wants (with no inflation worries) as long as the rest of the world agrees to finance our recklessness? Yahooo.. glad the recession is over. Happy days are here again... gonna buy me some "Stocks".

[dixiegrrrrl]

5. another mystery solved

I now understand why colonizing the moon or other planets is so important.
We have used up all our credit on this planet.