Comments on: Week of October 26, 2009. What about the Dollar!

By: tkamalon01

tkamalon01 — Fri, 26 Feb 2010 00:15:28 +0000

As child’s obesity fight is the reason of my idea of a new fast food campany, I’ll invest in Juice Zone. JUICE Zone’s concept is perfectly in tune with the growing demand for healty, fresh made food. Since, they have goal to provide their customers with a fresh and healty to fast food, which joins mine too. Their aim is to provide a quick and delicious meal. I’ll work with them to make sure that my dream comes true to save our future generation.

By: rmilvoix01

rmilvoix01 — Tue, 15 Dec 2009 14:22:33 +0000

I believe that the US dollar will not be replaced because it is the most common form of currency, around the world. However it will depreciate in value even more due to the current US deficit. I see in the future that is the US does not maintain a strong US dollar there will begin to be many, many changes through out the world.

By: ShawnT

ShawnT — Wed, 09 Dec 2009 17:25:13 +0000

I do not think that the Euro will ever replace the U.S dollar because just like other recessions that have taken place in the U.S we have gotten out of them. I am sure that this is a possibility but the probability of this happening is slim to none. Eventhough we have he weakest currency it only means that it will take more time to build it up again but with the recession as it is and interest rates so high the currency obviuously has to take a hit , but in time to come we will be seeing the U.S dollar take a change for the better.

By: oacholon01

oacholon01 — Mon, 07 Dec 2009 22:18:08 +0000

Although the strength of the US dollar depends on it’s economy,i still dont think its Euros will or can replace us dollar in international market transactions over the next decade but it’s good to know that if the dollar continues to remain weak it may not be a good strong to tell for the US economy

By: veneca

veneca — Fri, 04 Dec 2009 03:19:17 +0000

According with an article form the New york times early this week “The strongest and most resilient economy in the worldwide recession has one of the weakest currencies, however
the Euro made a rebound by 20% at the end of 2008 into 2009 trading at $1.36, and it was considered to have reached a high that December. The article states Europeans have low hopes behind the currency system as Americans do with our own.
as much trouble as the dollar is in due to the printing and spending I don’t think it would ever be replace by the Euro. That is if our politics do some repair damage to the already week dollar

By: jaybird24

jaybird24 — Fri, 04 Dec 2009 02:32:35 +0000

In my opinion, I don’t think the Euro will replace the US dollar in international market transactions over the next decade. I believe this because the Euro’s share in the international market is much smaller than that of the U.S. dollar. The US Dollar is in a weak position right now since interest rates are rising and U.S. trades and budget deficits are increasing. The effects the current US deficit has on the US dollar are stated in an article in the Foreign Affairs “Even as efforts to recover from the current crisis go forward, the United States should launch new policies to avoid large external deficits, balance the budget, and adapt to a global currency system less centered on the dollar”. The dollar has depreciated and the United States has an outstanding deficit which is causing some countries to lose faith in the dollar has their international reserve currency.

By: immortal

immortal — Fri, 04 Dec 2009 02:28:09 +0000

The US dallars is is realative weaker than Euro and British Pounds.If the dallars keep getting weaker that I think Euro is going to replace the dallars in the intewrnational market. Foreign reserves in dollars fell from 71% to 62.5%, where as Euro holdings rose from 18% to 27%.We cannot afford to see dallars fall anymore cause Euro is going to replace it.

By: howie amaral

howie amaral — Fri, 04 Dec 2009 02:03:14 +0000

The US Dollar may be facing hard times now, but it is not the first time. Our economic recession is weakening the dollar for a period of time, but with a better economy it will come back. The Euro is definitely coming up in the international marketplace, but still not meeting the US Dollar’s mark as the primary currency in international transactions. It is important to maintain the strength of the dollar for our consumers; the weak dollar has benefits such as lower costs for US exports which increases demand. Using the US house market as an example of the effect of the weak US dollar, the weak dollar has made home values depreciate causing banks to lose lots of money on foreclosed homes.

By: dani.schneider

dani.schneider — Fri, 04 Dec 2009 01:43:56 +0000

I believe that the EURO will overcome the Dollar in the future, although I’m not sure if it’ll be in the next decade, this is due to the weak economy, employment, etc. This will effect the US economy as a whole because investors in the US will have to pay more if they want to buy from outside the country, for example, if 3 Dollars is equal to 1 EURO, something that is worth 5 EUROS would be worth 15 Dollars. Therefore they would have to spend much more money to invest outside the US.

By: ddiamant01

ddiamant01 — Thu, 03 Dec 2009 21:25:05 +0000

Ever since the economy has weakend, and the US started the ressesion, the US dollar also has weakend dramaticly. The Euro has become the strongest currency in the world. Even though the Euro is the strongest currency, it dosent replace the streighth of the country. I do not beleive tha the EURO will ever replace the dollar.