Saturday, May 10, 2008

The dollar recovering?


The euro used to be down and below the dollar but this time it is the other way around, the dollar is below the euro. The euro has been doing extraordinary well that investors has been investing in places that their currency is doing well. The investors seem to be investing everywhere except for the U.S. due to the low value of the dollar. Ever since Euros were made, the countries using that currency has been developing more slowly than the U.S. but it has changed, it has been developing faster now and it creates chances for investors to invest in places that have currencies that are doing good.

Investors do not need to take their money out of their investments, they just need to stop putting a lot of money to it. The fact that the U.S. economy has been down has changed for other countries such as China or India. They have been growing and soon China will soon be the world’s largest economy. In fact, China exports a lot of goods into other countries, and almost everything now is made in China. The U.S. will soon stop dominating the world like it used to. Other currencies will soon increase dramatically and the dollar will probably still fall. The world would still be different when the dollar recovers, because Euros will be the “big” currency and not the U.S. dollars anymore.

Source: http://www.independent.co.uk/news/world/americas/the-dollar-may-recover-but-the-world-will-be-different-400730.html

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