How intertwined is the euro to the US dollar?

Question

If the US dollar hyperinflates away into oblivion.. so that all the poor Americans own sacks of worthless cash.. will the euro withstand the economic turmoil?

In other words will the euro be a financial anchor during a worldly economic shite storm?

Lengthy explanations welcome, thanks!

Answer 1

The European Union adopted the Euro in order to have a stronger currency against the US dollar. Therefore they measure the worth by the dollar.
If the dollar falls, the Euro will not hold up on it's own. It will initially appreciate against the dollar, but will soon fall along side the dollar. Appreciation will be a temporary illusion. It the Yanks are holding sacks of worthless cash, the Europeans will be doing the same shortly afterward.

All the countries that have adopted the Euro have weak economies anyhow. The Euro is not backed by precious metals like gold. It gets its strength form the countries within the European Union.
If a sh*t storm comes, the Euro will fall along with the dollar.
Only countries that back their currency with precious metals will stand strong during any such storm.
The Chinese yuan is being backed by gold. It will dominate globally both during and after a sh:t storm.

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Answer 2

it isn't going that the Euro will replace the dollar each and every time quickly. The Euro is capped at $a million.sixty 8. If the Euro were to replace the $ because the overseas money for oil commerce the extra inflation necessary to make amends for this commerce would force the cost of the Euro down finally.

Answer 3

As US dollar depreciates, the Euro appreciates: meaning a dollar has a less buying power while Euro dominates in the market...

Answer 4

It wouldn't be good if Americans couldn't pay for goods. The whole world depends on selling to the US, even though it claims to deplore US appetites for goods from abroad.

Answer 5

Use thai bath to crome US Dollars