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The value of the United States dollar has been plummeting for several years. On September 20, 2007 the United States dollar dropped to parity with the Canadian dollar for the first time in three decades, and also dropped to its lowest level against the Euro. As of May 2008, U.S. currency continues to struggle in world markets.
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Causes and Effects
Many analysts feel the housing market downturn is the largest factor in the precipitous drop in value of the U.S. dollar. The decline of the dollar has been blamed for the increased price of oil, the rise in the price of gasoline, and the sharp increase in food prices. -
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The Mahalo Top 7
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Google News: U.S. Dollar
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Bloomberg.com: Dollar Faces Biggest Weekly Decline Since April 2006 on Housing
bloomberg.com (December 28, 2007) -
XE.com: Foreign Exchange Site
xe.com -
Business 24/7:: Dollar's fall will bring down the global economy
business24-7.ae (June 01, 2008) -
ABC News: Euro Hits New High Against Dollar
abcnews.go.com (September 20, 2007) -
MetaFilter: Cui bono?
metafilter.com (September 20, 2007) -
3quarksdaily: Challenges for the U.S. Dollar as Reserve Currency
3quarksdaily.blogs.com (September 20, 2007)
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Google News: U.S. Dollar
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Plummeting Dollar on Twitter Powered by Twitter
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Central Bankers' Fears As They Watch The Plummeting Dollar | zero ... http://bit.ly/3DDpWt
@ForexHoncho | November 10, 2009 12:03 PM -
Central Bankers' Fears As They Watch The Plummeting Dollar | zero ...: "That would make our economies,.. http://bit.ly/L9mTM
@Westernfishing | November 10, 2009 09:47 AM -
Central Bankers' Fears As They Watch The Plummeting Dollar | zero ...: Just thinking out loud, but what abo.. http://bit.ly/L9mTM
@myztryk | November 10, 2009 07:32 AM -
Central Bankers’ Fears As They Watch The Plummeting Dollar: Zero Hedge Barclays, whose primary goal thes.. http://bit.ly/tGlTc
@StockMarketNewz | November 10, 2009 03:12 AM -
Central Bankers' Fears As They Watch The Plummeting Dollar http://bit.ly/1Pk8m0 via @AddToAny, clearly our central bank isn't.
@gjervis | November 10, 2009 02:36 AM
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Plummeting Dollar on Amazon | View All
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Importers, distributors and producers greet New Year with guarded optimism; plummeting dollar made 2004 a buyer's market and kept check on prices of imported ... from: Quick Frozen Foods International - $5.95
This digital document is an article from Quick Frozen Foods International, published by E.W. Williams Publications, Inc. on January 1, 2005. The length of the article is 3613 words. The page length shown above is based on a typical 300-word...
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Questions and Answers About Plummeting Dollar | View All | Ask a Question
View All Plummeting Dollar Questions (783) | Ask a QuestionIs the Singapore dollar linked to the US dollar? (1 Answer)The Singapore dollar is not linked to the US Dollar, though it was for a short time. Therefore, dollar devaluation in the United States does not modify the Singapore dollar ... read moreIs the Singapore dollar linked to the US dollar? (1 Answer)It was linked to the U.S. dollar for a short time, until the early 1970's when the Sterling Area ended. ----quote---- Initially, the Singapore dollar was pegged to the British ... read moreWhat does the latin words on the Dollar mean? (3 Answers)According to the Library of Congress, as reported in the Milwaukee Sentinel, February 19, 1960 For the unfinished pyramid and the Eye of Providence: "Annuit Coeptis" means "He (God) has ... read more
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