During a continued downward move (-10.5% YoY) the US Dollar index has sunk to an all-time low. As many analysts and article have pointed out, this should help sales of American goods overseas.
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That's true, but my investments in the US are automatically down by more than 10% since I converted EUR to USD, to purchase stocks. Anyway, sooner or later, the USD will recover.
Posted by: Henrik | November 01, 2007 at 05:24 PM
The USD will go so low that foreign governments will stop buying our Treasuries. Then we will be USC.
Posted by: USC | November 01, 2007 at 07:55 PM