av8rmike

Just in case anyone missed it:

New Record Low for Dollar
By MATT MOORE, AP Business Writer
2 HOURS AGO
FRANKFURT, Germany - The dollar slumped to another record low against the euro on Wednesday, while the British pound reached $2.10.

One day before the European Central Bank and the Bank of England decide on interest rates, the euro gained more than one cent amid speculation that China may shift more of its foreign currency stockpiles away from the dollar.

The 13-nation euro hit $1.4703 in morning European trading before slipping back to $1.4668 _ still well above the $1.4554 it bought in New York late Tuesday. The new record beat a previous high of $1.4571 set on Tuesday.

Britain's pound, meanwhile, rose to $2.1053, then slipped to $2.1009 _ still well above its level of $2.0868 late Tuesday. The pound is at its highest point against the dollar since May 1981, said James Hughes, a market analyst at CMC Markets in London.

But he said the pound's rally was "being driven by dollar weakness as opposed to pound strength."

The U.S. currency plunged in Asia after a report that a senior Chinese political figure said that China should diversify its $1.43-trillion foreign exchange reserves into the euro and other strong currencies.

Here's the link if you want to read the entire article:

http://finance.comcast.net/www/news....vqh=itn_dollar

At that exchange rate, the $2700 monthly stipend = 1836 Euro. I'm no economist, but I doubt the dollar is going to reverse this direction any time soon.

Just something to think about before the bid closes...

DLax85

No worries mate....the base pay and housing COLA mechanisms in the LOA will cover it.

machz990

We have lost over $200 per month in exchange rate since the LOA was introduced to the crew force. Now factor in annual rent increases and see how far you go. Au revoir!

LaidOffAgain

Good one! haha I hear DW gets 1800 a month for housing allowance in MEM. Wonder were MEM sits on the worlds most expensive cities.

DLax85

Sorry guys, not sure the company will have any resources to help cover additional costs in the FDAs...

STOCK NEWSMore News:
FedEx's AP delivery center to start operation in Guangzhou airport by yearend 2008
Wednesday, November 07, 2007; Posted: 06:38 AM

More Breaking News about FDX
GUANGZHOU, Nov 7, 2007 (Xinhua via COMTEX) -- The U.S.-based logistics giant FedEx plans to start operation of its Asia-Pacific delivery center it is currently building within Guangzhou's Baiyun Airport by yearend 2008, Guangzhou municipal government sources said. The FedEx delivery center project, with a total investment of 2.5 billion yuan, takes an area of 2,843 mu and is expected to become a super large delivery center covering over 30 Asia-Pacific countries. The project is expected to add about 1 million ton/year of cargo turnover for the Baiyun airport within the first year of operation. FedEx predicts that its AP delivery center will churn out 11 billion US dollars in revenue by 2010 and 65 billion US dollars by 2020. Construction of the project started in early 2006.

machz990

Anyone heard of this? I have a friend who is a NWA Captain. He flies intra-Asia and stops in Guangzhou frequently. I hadn't seen him in a while and he told me FedEx has built and unbelievable complex in Guangzhou and has positioned itself perfectly for the upcoming 5 year project the Chineese government is planning. Their plan is to flood inland from Guangzhou for almost 1500 miles an existing valley and make it a waterway for ships. Guangzhou would become a huge port with FedEx right there ready to ship.

SNIZ

Time to shift some more 401K money into those Intl Funds.

frozenboxhauler

Hope so, at least it will clear up the air around there, and the fishing may be good.
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RedeyeAV8r

And then we can take the High Speed Ferry to/from HKG..........

frozenboxhauler

Now you're talkin'. I hope that not many people read this,...all of the F/O slots will fill for sure!
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