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What has affected the value of the dollar recently.?
I have a project for my finance class and I need some help for some references. I need to know what has affected the value of the dollar vs the euro and yen, however I am having some problems finding sources. If someone can give me some reasons or point me into the direction of some good online articles, it would be greatly appreciated.
Thanks!
I have a project for my finance class and I need some help for some references. I need to know what has affected the value of the dollar vs the euro and yen during the semester (from January 2008 - April 2008), however I am having some problems finding sources. If someone can give me some reasons or point me into the direction of some good online articles, it would be greatly appreciated.
Thanks!
7 Answers
- martinx07Lv 61 decade agoFavorite Answer
The occupation of Iraq, which requires the taxation of the people(sounds silly, but true), in which later the Fed prints more money to inject into banks, finance the occupation, for welfare, warfare state, or borrows from countries such as China, later we inflate the dollar by spending it too much overseas. Since the dollar is not backed by gold, it is just worthless, and has no value, which is why many countries are dropping our dollar, at the same time, we use ill-advised foreign policy against other nations. The dollar is already dead in my view, that's if we keep printing and printing it out of thin air, and the cost of living goes up, like food, milk, clothes, gas, etc. It has been the Fed, since it's a private and illegal bank, it already has control of the whole financial/economic system, which will only become worse because they caused the Depression of the 30s, and even inflated the gold standard. So the reason the dollar has been so badly abused was because of government issues, such as spending it overseas for political reasons, borrowing too much, we have a bad foreign policy, and all that is tied to out monetary policy. We are getting bankrupt, so if you want a strong dollar, and a blossoming economy, consider gold/silver as money, no central bank, nor any big business in bed with corrupt corporations.
- 5 years ago
It has unquestionably been falling considering that about 2002, at the same time as the USD become properly worth something like EUR a million.20. Now the USD is properly worth about EUR .sixty 8. it really is for numerous motives, some lengthy time period and some extra instant. slightly of forex is an IOU written by skill of the authorities, a promise to reimburse the holder thereof amenities or products properly truly worth a similar upon receipt. contained in the previous, the solid in touch become gold. yet now it isn't, and the USD is authorized to "waft" relative to different global currencies. With the united states's vast commerce and funds deficits, overseas governments and banks are starting up to consider no matter if u . s . a . can particularly keep all of those little delivers it has spent. it is not in simple terms undesirable information for human beings, even if. If the USD collapses, as George Soros looks to assume (perhaps rightly, perhaps wrongly like he envisioned the Ruble to make a comeback), then the global will move right into a tailspin like the autumn of Rome. this isn't to overstate u . s . a .'s position contained in the global, which isn't, extremely speaking, as important as Rome's become to their common global, yet to suitable state the interdependency of countries contained in the global economic device. yet another, extra modern-day, reason behind the autumn of the dollar is the subprime fiasco, because it exacerbates an already undesirable challenge. Falling expenses of activity also damage the USD foreign places, so I understand, as does the warfare in Iraq and an tremendous form of toddler boomers about to leave the artwork force. it may be salvaged, even if the tax and spend presidencies (or the spend money we gained't have the funds for and allow our little ones challenge about identifying to purchase it presidencies) have were given to end.
- mishkinLv 51 decade ago
Wall Street Journal
Business Week
Economist
Kiplinger
Financial Times
will all have articles related to the fall of the dollar
- 1 decade ago
According to http://www.emergingtextiles.com/?q=art&s=070917-cu...
The US dollar is currently falling to new lows against the euro, as the US trade deficit and lower interest rates are depressing the American currency.
Other sites to try...
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- Anonymous1 decade ago
the value of the dollar is directly realted to goat prices.