Page 2 - Dollar Drop News Today : Breaking News, Live Updates & Top Stories | Vimarsana

We have more clarity on that. negotiations are continuing. yesterday we also got a minutes. they're still likely going to be another rate hike in the month of december. it also showed us actually the fmc is unsure about when inflation will come back. it's below the 2% inflation target. in the past they said this is down to temporary factors. i think the narrative is slowly, but surely losing steam. we saw the dollar drop on the back of those minutes. >> another rate hike on the way. live from london. thanks so much. after more than 100 years, you know longer have to be a boy to be a boy scot...

Business network with more. reporter: that is right, back in 2011, leading up to the last debt ceiling deal, we saw gold pricing again and standard & poor's downgraded the u.s. credit rating. but this time the price in gold has been declining ahead of the debt ceiling deal and it's actually down 1.3% since the shutdown went into effect and it has lost more than a fifth of its value. about 22% since january of this year and not put this on track worth the annual performance since 1981. 370-dollar decline has been the biggest annual dollar drop ever. they do not expect gold to jump this time aro...

>> that's right. falling oil and gas prices are like a big tax cut. one research firm estimates that for every dollar drop in the price of a barrel of crude consumers save $3 billion a year on fuel costs. oil closed down another $3 and change today and has dropped $26 a barrel from its peak in february. gasoline prices are going down as well, down to $3.61 for a gallon of regular. that's down more than 30 cents from the peak earlier this year. john? >> john: we will take the drop, but it sure would be good to create some new jobs. peter barnes for us in washington tonight. peter, thanks so muc...

Oil prices they're buying oil. and a weak dollar is driving up prices because oil is priced in dollars. keep in mind the sell-off was a rare thing we saw in oil last week. the fact is, carol, oil prices are higher than they were at the beginning of the year, and that's really a big part of how gas is priced, carol. >> so just curious. if oil in part drives gas prices, how long does it take a move in the oil prices to translate into a move in gas prices? >> reporter: that's what we all want to know. analysts say it could cake otak to two weeks. oil has too go through a supply klain. from the oi...

Johnny isaacson. >> we don't need those speculating in the marketplace to take you are fair advantage for the sake of making a buck on a short sale. >> reporter: behind the scenes he was buying leveraged short funds on the bond market. the fund paid $2 for every dollar drop in value of treasury. he's not alone. kirsten gillibrand investing in short funds. selling these stocks short and let me show what you she said publicly. in the limelight, she said i strongly support the president's efforts and i will continue working closely with him to develop smart and tough reform protecting con sierms....