Why is the dollar so weak vs. the euro and also vs. the British pound?
Extra tags:
- why is the dollar so weak versus the euro,Why is the euro so high 2011,why is the euro so high versus the dollar,why is the euro trading so high vs the dollar
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Filed under: Currencies
A combination of the trade deficit and budget deficit makes the dollar less valuable than other currencies. Also the universal acceptance of the Euro lowers the premium of the dollar as a universally accepted currency.
You can blame the party of alleged fiscal conservatism for that! Bin Laden threatened to bankrupt the US much in the way Reagan dealt with the former Soviet government. Looks like he has succeeded thanks to Bush&Co. This administration has borrowed billions to fund an unnecessary war. Your grandchildren will be paupers thanks to the Smirking Chimp. Any more questions?