i mean whic is worth investing in USD or Euri
2006-08-13 22:04:01 · 11 answers · asked by Anonymous in Business & Finance ➔ Investing
The massive federal deficit and massive balance of trade deficit in the U S are eating the dollar alive. The only thing keeping it from totally collapsing is that China and Japan are supporting it because for their economy's sake they can not let it collapse. But there will come a time when they may throw in the towel. After all how many dollars can they stock pile? They may go on a U S assets buying spree. They have enough dollars that they could probably buy the entire country. Actually, Japan tried that back in the 80's. They got royally burned. Paid exorbitant prices for U S assets that were not worth anything near what they paid for them.
2006-08-13 23:47:31 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The strong or not strong expression is not really relevant in world trade. What is important is the stability and the rate of change between the time you buy/sell and the time you have to pay. The EURO, €, is the best alternative for transactions in Europe. The dollar is of course strong and is use as reference currency for many countries (they compare with the dollar and have reserves - money saved - in dollars). But even there, the tendency of many countries is to move to Euro. The Chinese and the Indian currency are also very important. In the last years a very stable currency has been the Brazilian Real. Finally on the dollar, there is a growing feeling that the war in Iraq is eating up the US economy. Thus people saving money in currency are giving strong indications of moving towards the EURO.
2006-08-13 22:14:45 · answer #2 · answered by regis_cabral 4 · 0⤊ 0⤋
Well, the Euro, the common currency for the major states in europe, has a strong backing, and is currently valued higher than the Dollar. However, the Dollar, is quite universal in trade, and is used worldwide for quotes, for anything from oil prices, to grain futures, to general life. And as well, the Dollar is traded well, against other currencies, like the old Ruble, the Peso, the Canadian Dollar, and is considered the strongest economic indicator in the world.
Simply put, if the dollar vanished...the world would be in major trouble.
I'd stick with the Dollar.
2006-08-13 22:08:49 · answer #3 · answered by steveraven 3 · 0⤊ 0⤋
At the moment Euro is going strong against US Dollar. But investing in USD denominated instruments is not a bad bet.
2006-08-13 22:14:25 · answer #4 · answered by Alam99 3 · 0⤊ 0⤋
Short term is EURO
Because US currency is highly depends on the price of oil. The higher price of oil, the higher pressure for the USD. In near future, there is still have a room for the increase price on oil. Therefore, I can anticipate EURO is a strong currency
2006-08-13 22:09:06 · answer #5 · answered by Notorious Guy 6 · 0⤊ 0⤋
Euro is expensive than USD BUT still USD is considered stronger.
If you want to invest, invest in Chinese currency because as soon as it will enter into "basket currency" it will give great returns...
2006-08-13 22:09:20 · answer #6 · answered by Anonymous · 0⤊ 0⤋
The USD is now a very weak currency thanks to huge American international debt and the policies of your illustrious president. That is to destroy countries first and then rebuild them. Where do you think the money comes from?
Keep it up Mr Bush, there is no shortage of ignorant tax payers behind you..
2006-08-17 04:39:48 · answer #7 · answered by Anonymous · 1⤊ 0⤋
Euro
2006-08-13 22:11:15 · answer #8 · answered by Anonymous · 0⤊ 0⤋
USD due to American political union
2006-08-13 23:45:28 · answer #9 · answered by Conservative 5 · 0⤊ 0⤋
euro
their economy is much stable
2006-08-13 22:06:43 · answer #10 · answered by leelee 3 · 0⤊ 0⤋