Saturday, September 22, 2007

American Dollar getting weak!!

dollar vs Euro

This graph shows how much the relation between dollar and euro have fluctuated over the years. Over the fast few days, the position of Euro is getting more and more strong.

If we see, its not only Euro, but also other currencies, with whose comparision Dollar is now weakening.

For example, Indian Rupee has also been seen getting stronger. Not only this, it fell below one Canadian dollar for the first time in more than 30 years. Just sometime ago, One British pound was worth $2.0173 at one point, close to 26-year highs. And also since September 2003, the US dollar has lost about 25% of its value against sterling.

Analysts have said the impact of the falling dollar on European consumers and businesses may be mixed.

Eurozone consumers may benefit from cheaper prices for some imported goods, while input costs for eurozone firms may fall as oil, metals and many raw material prices are quoted in dollars.

What is actually happening to America?? Is America's economy getting weaker? I feel one of the many reasons might be the excess import of human resources from other countries like India and China.
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