re:[Pen-l] Why is the U.S. dollar regarded as a safe haven.

[ken hanly <northsunm@xxxxxxxxx>]

Earlier the euro was strong but since the financial crisis it has weakened considerably compared to the US dollar.

http://www.bloomberg.com/apps/news?pid=20601101&sid=aY3DGeNv7Vhw&refer=japan

Euro's Decline 

The euro has dropped more than 5 percent versus the dollar since Aug. 7, when Trichet said growth in the countries using the euro will be ``particularly weak'' through the third quarter. 



Blog:  http://kenthink7.blogspot.com/index.html
Blog:  http://kencan7.blogspot.com/index.html


--- On Sat, 10/25/08, Gassler Robert <rsgassle@xxxxxxxxx> wrote:

> From: Gassler Robert <rsgassle@xxxxxxxxx>
> Subject: re:[Pen-l] Why is the U.S. dollar regarded as a safe haven.
> To: "Progressive Economics" <pen-l@xxxxxxxxxxxxxxxxxx>
> Date: Saturday, October 25, 2008, 4:20 AM
> Living in Brussels and travelling periodically to the
> States, I am not aware that the euro's value was
> declining before about last week. For several years it's
> been strong vis-a-vis the dollar. 
> 
> >
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