Shrinking Dollar -- Growing Euro.

Over the fit 12-month period ending July 2003, the U.S. horse has slid rough 15% in international value against the Euro (Reuters Investor). Now that the Iraq fight is supposedly everyplace, the food market value of the U.S. dollar mark in comparison to the Euro throughout the last half of 2003 whitethorn solidify the Euros dominance over the U.S. Dollar in the international investing community. The United States dollars continued devaluation against the Euro, may continue for some time. However, as consumer confidence increases, like it has over the recent quarter, it may supporter to turn this decline virtually for the US Dollar (Martens). federal official Reserve Chairperson Alan Greenspan in a March 2002 legal transfer pointed out that as unusual investment in the US has been increasing since the mid 1990s, investors bequeath become wary well-nigh the soaring deficits in the relief of payments. Simply put, as unknown companies were fueling the U.S. capital ro otage market over the prehistorical few years, the U.S. is now direct more interest payments and dividends foreign and becoming increasingly myrmecophilous on external money. In addition, more international fiscal transactions, previously monopolised by the U.S. Dollar currency, are now macrocosm made in the Euro. A true concern that the U.S.

may have, with its long-standing romance with anoint, is that OPEC and the international rock oil selling community exit follow this lead and overly switch to the Euro (Clark). For example, not find in the sceptical British, the Japanese, Chinese and other overseas investors may very well shape in the future! that they choose to deal in the Euro which would hold to a shift in preferred currency for oil and raw materials (Martens). One certain value to a change Euro is that it allows for U.S. goods to be exported at more well-heeled prices to those countries using... If you want to explicate a full essay, order it on our website: OrderCustomPaper.com

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