Thursday, November 1, 2007

The US dollar de-internationalisation....

The US dollar is the most internationalised of all currencies at the current point in time. But it is loosing ground, especially to the Euro. Psychology plays a role here, and the large depreciation of the USD relative to most other currencies over the last 18 months has not exactly helped the dollar's case. According to this Bloomberg article, the USD is becoming less acceptable in some economies.

1 comment:

David Wozney said...

A “Federal Reserve Note” is not a U.S.A. dollar. In 1973, Public Law 93-110 defined the U.S.A. dollar as having the value of 1/42.2222 fine troy ounces of gold.