Fri 17 Oct 2008
Exchange Rates Graph (American Dollar, Euro)
Posted by Paul under Economy and Exchange rates
No Comments
With all the turmoil in the markets, there are so many surprises. Oil is down in the $70s risking to lull us again into energy complacency, and now the dollar is rising against the Euro. Or maybe we should say the Euro is falling. My economist friends tell me this is due to one currency/many governments model they have to deal with. While Europeans have jumped in to address their financial markets issues more aggressively than the US, they have no central authority to target shoot the trouble areas. And any one country not stabilizing its own banks runs the risk of unwittingly being the weak link for the Euro as a whole.
As an American, do I want the Euro a lot weaker? Good question and I’m not smart enough to know the answer. I certainly know how I feel as a tourist with tickets to Paris on November 20.
Facebook comments:
