Difference between revisions of "The declining dollar"
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| − | + | ==The declining dollar== | |
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| + | Nov 2004 : The dollar has recently moved against say the Euro from 0.8 EUR/USD to 1.34 EUR/USD. Against a basket of major currencies the dollar has fallen 27% or so (depending on the definition of major currencies), and perhaps 12% against "all" currencies. | ||
| + | In relation to commodities the dollar is also at a record "low", such as [oil] (48$) , [gold] (450$/oz.). | ||
| + | Paul Volcker (the ex-fed chairman) thinks there is a 75% chance of a currency crisis in 2005. | ||
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| + | What does this mean ? | ||
| + | Does Bush administration have anything to do with it ? Should they do anything about that ? | ||
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| + | 2006 : Anyone up for some more recent comments here ? | ||
Latest revision as of 21:08, 10 April 2011
The declining dollar
Nov 2004 : The dollar has recently moved against say the Euro from 0.8 EUR/USD to 1.34 EUR/USD. Against a basket of major currencies the dollar has fallen 27% or so (depending on the definition of major currencies), and perhaps 12% against "all" currencies. In relation to commodities the dollar is also at a record "low", such as [oil] (48$) , [gold] (450$/oz.). Paul Volcker (the ex-fed chairman) thinks there is a 75% chance of a currency crisis in 2005.
What does this mean ? Does Bush administration have anything to do with it ? Should they do anything about that ?
2006 : Anyone up for some more recent comments here ?
