Entries Categorized as 'reserve currency'

How Much of a Threat is the Euro to the US Dollar as a Reserve Currency?

Date March 24, 2008

The weakness of the US dollar is becoming a big problem:
1) Inflation in Saudi Arabia has hit 27 year highs
2) There have been riots in the U.A.E partly due to the weakening dollar eating into remittances
3) Companies in Europe are beginning to report currency related losses (EADS reports a loss for 2007)

If the US [...]

Posted in US Dollar, euro, reserve currency Comments 1 Comment »