When the Euro was created in 1996, it was worth $1.20, now it’s worth $1.35. Wow, we’re doomed!
And what was the lowest value of the euro during that time? I think when you compare its’ lowest rate to the current rate you will see quite a big rise in its’ value and comparing it to the decline of the dollar, it is very telling. The value of your currency is determined by the world market, not by our Fed. The world is voting and you can see the results. There is a reason the dollar has declined so much over the last few years. People are seeing the real dynamics of our economy and they are hedging their bets.
You tell me. Did the drop in the Euro ruin their economies?