Earlier the euro was strong but since the financial crisis it has weakened considerably compared to the US dollar.
http://www.bloomberg.com/apps/news?pid=20601101&sid=aY3DGeNv7Vhw&refer=japan Euro's Decline The euro has dropped more than 5 percent versus the dollar since Aug. 7, when Trichet said growth in the countries using the euro will be ``particularly weak'' through the third quarter. Blog: http://kenthink7.blogspot.com/index.html Blog: http://kencan7.blogspot.com/index.html --- On Sat, 10/25/08, Gassler Robert <[EMAIL PROTECTED]> wrote: > From: Gassler Robert <[EMAIL PROTECTED]> > Subject: re:[Pen-l] Why is the U.S. dollar regarded as a safe haven. > To: "Progressive Economics" <[email protected]> > Date: Saturday, October 25, 2008, 4:20 AM > Living in Brussels and travelling periodically to the > States, I am not aware that the euro's value was > declining before about last week. For several years it's > been strong vis-a-vis the dollar. > > > _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
