Right so as of late i know the dollar is doing less and less favorable, even the canadian dollar is worth more now. But after reports of Indians and other Middle East countrys favoring Euros over the USD, now one can even pay with Euros, Canadian dollars and other currencys in New York (http://www.reuters.com/article/domesticNews/idUSN0655798320080206?feedType=RSS&feedName=domesticNews).
Tbh, this scares me, cause eventhough the USD is doing rather poorly it still ties together a large part of the world economy.
I quess its mainly cause of thier humungus budget shorts (20-25%) and the warcrazy jahoo thats currently in office. Lets hope the poor USD gets a bit stronger under the new management.
The US dollar has historically tended to devalue and still at the same time manage a growing economy. And I like buying things from the US cheap - but it sucks for my brother if he wants to return to the UK at any point from the US.
TL.
:withstupid:
Lovely for weekend shopping trips to NYC but a bitch for my brother and his family when they want to come visit.
Mind you - when travelling (wherever you go) it's alsways good to have some bucks with you. Certainly in SE Asia and India they're a good thing to have.
PEN
Quote from: Penfold;222502SE Asia and India
Actualy, in India they rather have rupies or euros atm.
Quote from: Bastet;222568Actualy, in India they rather have rupies or euros atm.
yup, will save me some money on hollidays :yahoo:
but hope it doesn't drop to 1/3rd of a euro, then we get major problems
Themarkets work themselves around currency changes. It seems likely is the trend continues and the dollar becomes even weaker Euros will replace dollars for barrels of oil etc. Alot of the cash held in USD is slowly being balanced against investments in other currencies. The idea being there won't be a huge crash and the world market remains steady.
When the new administration comes into power there will be 4 years to turn around the economy, hopefully they'll manage without us (the public) having to worry as market turmoil seems to spread.
As much as the dollar is weak atm, it is still to big of an influence to discount just yet. They buy and use to much for that (fe, oil, US uses over 25% of the daily world production). A big economic crysis in the US will still send the rest of the world spiraling down too.
Yet, your point is valid, the world is leaning more and more to the euro, which is not a bad thing, as due to the stability packt it has a much more stable course, and provided it all countrys honor it strickly wont get as out of control as the USD is now.
Quote from: Bastet;222593As much as the dollar is weak atm, it is still to big of an influence to discount just yet. They buy and use to much for that (fe, oil, US uses over 25% of the daily world production). A big economic crysis in the US will still send the rest of the world spiraling down too.
Yet, your point is valid, the world is leaning more and more to the euro, which is not a bad thing, as due to the stability packt it has a much more stable course, and provided it all countrys honor it strickly wont get as out of control as the USD is now.
I would feel alot saver if the world is in euros instead of dollars, i don't trust the controllers of america for one single bit. Maybe it would be a good thing to have the euro take over. Only problem then is that whole of europe wants to have the euro as coin, wich makes alot of poor countries join to. But still might not be such a bad idea. If a country like america can't print unlimmited money anymore without real consequences, they would certainly have to redo their economics, possibly making it a better place to stay (or way way worse, but i don't see them do better any time soon, so this might actually work).