Just when you think French wine sales to the US couldn't drop any further...
Correct me if I'm wrong, but in the last 10-15 years the dollar would seasonally dip to 1.35-1.40 against the British Pound, then go up to 1.80+?
That it dipped 2 cents does not seem such a big deal!?
We are doomed - seriously
Let it fall. The administration has been talking down the dollar for a good while so that our trade imbalance would show an improvement, and it fights deflation because it makes foreign goods more expensive. I still believe the watch word at the Fed is deflation even when they talk inflation.
Reminds me of a "A Canadian's Opinion"
Meanwhile, Europe has a 12% unemployment rate and piss poor productivity.....I'll take the US economy and the dollar any day of the week.
europe is not the problem here, we cannot solve our trade deficit on the backs of europe and japan.
its china that is the problem here, and their currency peg means that these dollar moves mean nothing against them.
once the yuan peg is broken, the dollar will balance out against the euro and the yen.
Plot that Euro chart back to the Euro's introduction, and you'll see we're right back where it started.
Meanwhile, this is great news for U.S. exporters, after two decades of getting the NAFTA shaft-a.
The Euro became legal tender on January 1, 2002. An "all-time" low involving less than three years of data doesn't seem all that impressive.
All the more reasons to visit countries that don't use the Euro: Britain, Ukraine, Russia, Japan, South Korea.