Thump's Place FL

For my friends and familys amusement and edification
 
HomeFAQSearchMemberlistUsergroupsRegisterLog in

Share | 
 

 Decline Of The Dollar

View previous topic View next topic Go down 
AuthorMessage
Thump

avatar

Posts : 2713
Join date : 2008-05-13
Location : Central Florida

PostSubject: Decline Of The Dollar   Tue Mar 01, 2011 10:29 am

For years, whenever significant political or financial turmoil reared its head anywhere on the globe, investors would turn to the U.S. dollar as a safe haven.

Yet as the chaos in North Africa has grown over the past month, investors have largely shunned the dollar and sought shelter elsewhere. They have turned to other traditional islands of stability, buying Japanese yen and the Swiss franc.

What has especially raised eyebrows has been the move by investors to buy euros, a currency traditionally seen as a riskier prospect than the dollar, especially with the euro zone's debt problems still largely unresolved.

This has sparked a debate over whether the dollar has lost its safe-haven status.

The Yahoo Article
Back to top Go down
View user profile http://www.thumpnet.com
 
Decline Of The Dollar
View previous topic View next topic Back to top 
Page 1 of 1
 Similar topics
-
» Aussie Aussie Dollar OY OY OY
» Dollar sign ashtray
» episode #18 - The Seven Million Dollar Man
» The Six Million Dollar Man pilot telefilm (1973)
» Six Million Dollar Man

Permissions in this forum:You cannot reply to topics in this forum
Thump's Place FL :: General Discussion :: Anything-
Jump to: