Am I back?
Posted on 05/17/2010 9:20:01 AM PDT by GonzoII
The euro hit a four-year low against the dollar overnight, hammering Asian markets and casting grave doubts over the response to Europe’s debt crisis.
A euro started the year worth $1.43. Last night it fell below $1.23. It has lost around two cents over the weekend.
(Excerpt) Read more at euronews.net ...
Probably not. The dollar is in for its own collapse.
However, this will help the US economy temporarily as Euro investors flock here.
Not so much. US consumers will buy more euro denominated products. The germans must be loving this.
Well,I have been putting off purchasing a particular specialty item because of the previously unfavorable
exchange;it is down about $40 so I may go ahead soon.
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