2006-06-24 15:07:46 · 8 answers · asked by Ramy I 1 in Politics & Government ➔ Government
Well , currants are very strong, it's true.
2006-06-24 15:10:41 · answer #1 · answered by Thom Thumb 6 · 0⤊ 0⤋
I am questing this myself .. the value of the dollar as fallen a lot recently.. it is rumored .. that the Iraq war was over not just oil but to keep the value of the dollar up. The reason behind this is suppose to be that OPEC was accepting US Dollar only as the world currency .. well guess what the EURO came out and become stronger .. OPEC was making a move to accept EURO instead of Dollar.. this would have caused a collapse of the US Dollar.. but by controlling Iraq oil .. the US can keep the Dollar as the number 1 currency for Oil and maintain as the worlds currancy .. I have only read this .. it makes sense, especially when you think the UK was by ourside in this war, but they also did not move to EURO.. but not sure if it is totaly true...
I am going to invest in some Euro though, because the Dollar value is not very strong and our debt is growing day by day.
2006-06-24 15:15:07 · answer #2 · answered by gentleman1973 3 · 0⤊ 0⤋
No, it's not. Our Federal government debt, which has increased approximately three-fold in the last six years, combined with our overwhelming foreign deficit, brings significant weakness to the US Dollar.
The primary circumstance which props up the US Dollar is that oil is internationally denominated in USDs. If the world oil markets moved away from the USD to another currency, the consequences to the USD could be devastaing.
Examine the movement of the USD against the Japanese Yen and the Euro over the last year. You're in for a surprise.
2006-06-24 15:12:51 · answer #3 · answered by drdivo 2 · 0⤊ 0⤋
Currancies
2016-12-15 06:06:40 · answer #4 · answered by Erika 4 · 0⤊ 0⤋
The dollar wont be leading long..but that can be a good thing...this means that we can become an exporter rather than just an importer...meaning the other countries will start buying American goods, instead of us always buying theirs. This means that we will have more profitable global jobs, and even if we don't stay ahead of the game we will become wealthier as a country...Some people interpret other currencies gaining on our dollar as pushing united states into a third world country, but its not the case.
2006-06-24 15:16:02 · answer #5 · answered by micki_g 4 · 0⤊ 0⤋
With the EU now, and the new Euro, I'd say the Dollar and the Euro are pretty close.
2006-06-24 15:12:25 · answer #6 · answered by rliedtky 2 · 0⤊ 0⤋
no. In fact the exchange rate on the dollar is very poor right now.
2006-06-24 15:12:13 · answer #7 · answered by Anonymous · 0⤊ 0⤋
considering most oil transactions are done in the U.S. dollar worldwide, any country that wants to grow must invest in American Dollars to do it. plus, America is f*cking amazing.
2006-06-24 15:12:37 · answer #8 · answered by asviles 1 · 0⤊ 0⤋