Thread: EURO vs USD
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Abou-Eddie
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Default 13th November 2008

Quote:
Originally Posted by J. Abizeid View Post
Don’t panic!
It’s not a euro issue. It’s a dollar game soon to deflate.
Forget the euro for a moment and check out the Canadian dollar today:
http://finance.yahoo.com/currency/convert?from=USD&to=CAD&amt=1&t=1d
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The only thing that has not collapsed on the Bush watch is the dollar. I wonder if he can bridge it to the next administration and than……

Bush became president for his first term on 20 January 2001, the USD/Euro exchange rate on that date was 0.92. He was re-elected and started his second term on 20 January 2005 and the Euro was at 1.26 on that date. I fail to see how the dollar did not collapse under his watch (even after the latest rally which took it from 1.60 to 1.25) when at the start of his first presidency it was 0.92.
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