What happen to our cutback, and the US dollar??
I guess I haven't be engrossed, but I a short time ago go to G00GLE to convert dollars into UK pounds and it come out to 2x!! When did that come to pass?
Last time I checked (which admittedly be ages ago) I thought pounds be individual give or take a few 1.5x the dollar? How long have the dollar be losing significance...months...years?
Answers:
despite the inhabitants who answered explicitly the period of war or something else that have no effect on the currency, the answer is simple. The Fed refuse to elevate interest rates for inflation fears and since our inflation rate is so low you can't brand name any apt money at such low interest, this is not extraordinary and it go contained by cycles. War have nought to do next to it, it is bank and it is that simple. All other factor are knees yank reaction.
the dollar be at 2 to 1 next to the pound within 92 when we have no time of war., it is the never end cycle of the feed trying to hang on to prices down while stabaizing the dollar, not unproblematic to do
Short Answer.. George W Bush
The Canadian Dollar WAS at approaching 1.35/8 to $1.00US
It's in a minute at $1.03
The US will verbs to drop as long as your wage period of war across the planet
The American dollar begin to crash after we invaded Iraq. I would spend every other weekend in Canada and notice the sharp decline shortly after the invasion. Now the American dollar is almost even beside the Canadian dollar.
I am currently using Bloomberg as we speak and here are the current exchange rates...
1 Euro = $1.3796 USD
1 Pound = $2.0359 USD
The US dollar have be within a tailspin for comparatively some time presently - years really. At lowest the final 6.
This is a combination of several factor, including nation starting to realize that the US dollar is certainly a fiat currency, the period of war, and the increased influence of foreign currencies such as the euro coming into predominance.
The current national debt and long-term shortage of funds is another contributing factor.
The US dollar is long-term doomed to dud due to gross mismanagement. There are roughly 8 dollars anyone used and traded for every 'tangible' dollar out within - everything very soon is in recent times a digital number fairly than anything of good point.
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Last time I checked (which admittedly be ages ago) I thought pounds be individual give or take a few 1.5x the dollar? How long have the dollar be losing significance...months...years?
Answers:
despite the inhabitants who answered explicitly the period of war or something else that have no effect on the currency, the answer is simple. The Fed refuse to elevate interest rates for inflation fears and since our inflation rate is so low you can't brand name any apt money at such low interest, this is not extraordinary and it go contained by cycles. War have nought to do next to it, it is bank and it is that simple. All other factor are knees yank reaction.
the dollar be at 2 to 1 next to the pound within 92 when we have no time of war., it is the never end cycle of the feed trying to hang on to prices down while stabaizing the dollar, not unproblematic to do
Short Answer.. George W Bush
The Canadian Dollar WAS at approaching 1.35/8 to $1.00US
It's in a minute at $1.03
The US will verbs to drop as long as your wage period of war across the planet
The American dollar begin to crash after we invaded Iraq. I would spend every other weekend in Canada and notice the sharp decline shortly after the invasion. Now the American dollar is almost even beside the Canadian dollar.
I am currently using Bloomberg as we speak and here are the current exchange rates...
1 Euro = $1.3796 USD
1 Pound = $2.0359 USD
The US dollar have be within a tailspin for comparatively some time presently - years really. At lowest the final 6.
This is a combination of several factor, including nation starting to realize that the US dollar is certainly a fiat currency, the period of war, and the increased influence of foreign currencies such as the euro coming into predominance.
The current national debt and long-term shortage of funds is another contributing factor.
The US dollar is long-term doomed to dud due to gross mismanagement. There are roughly 8 dollars anyone used and traded for every 'tangible' dollar out within - everything very soon is in recent times a digital number fairly than anything of good point.