will the u.s. dollar ever be equal to the pound or euro?
why is the u.s. dollar so weak? The benefits of a lower dollar: How the high dollar has hurt U.S. :: The current decline in the dollar will provide a much-needed major currencies (the Japanese yen, British pound, the euro and its predecessors, and a few http://www.epi.org/content.cfm/briefingpapers_may03bp_lowerdollarHOME | Digital Chosunilbo (English Edition) : Daily News in English About Korea:: dollar and British pound in terms of the amount it weakened against the U.S. electronics industries saw the benefits of a strengthening euro and yen against http://english.chosun.com/w21data/html/news/200808/200808270018.htmlHOME | The dollar is not weak, just the opposite. It's been far stronger than the Pound and Euro for 3 months now. The dollar continues to gain against the Pound and Euro every day during this economic crisis.
Don't confuse unit value of a currency with "strength". Over the last century the Pound went from $4 down gradually to only slightly more than $1, back up past $2, and now back down down under $1.70. The unit values mean absolutely nothing, those differences are just historical accidents, because different currencies were created in different times and different places. Protectionism Hurts the U.S. Dollar:: The central bank said it will strengthen coordination of the internal and The British pound rose against the dollar and the euro on speculation that the http://www.dailyreckoning.com/Writers/Butler/Articles/040207.htmlHOME |
In fact the Japanese Yen has been strongest of all recently, but one full Yen happens only to be worth about 1 cent and less than 1 Euro cent. But those Yen are worth more now against all currencies than they were worth a month ago.
The direction of the exchange rate in recent months (or pick your time period) is the only measure of strength or weakness.
it wont.....not for a very very long time....
though i do remember when there were $8 to £1
ahhhh those were the days
More a case of when will it strengthen against the Yen and Rupee!
are you serious? you will be telling your grandkids about this one!
Actually the dollar is gaining value. It is hard to tell where everything will wind up as the world's economies are so intertwined.
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