Depreciation of US Dollar

[jainthomas]

Hi,


As we can see in news, it reports that recently there is a depreciation of US dollar against Euro and other currencies. How far the depreciation will be? It goes in a way which can lead the other country currency or a group of currencies get a chance to trade. I think if the US dollar depreciation will be a continuous phenomenon that will be washed out from the trade and commerce other currency get dominance in the trade and commerce.


What do you think about this?

Last edited by a moderator: Oct 9, 2009

 

[theBrain]

Yeah, very true. While a falling U.S. Dollar sounds bad, if you own or work for a company that sells goods abroad, the future may be getting brighter. I think even the investors are selling off the U.S. Dollar as they believe it will be worth less in the future.

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[dilip1456]

I agree. But its really sad for me since i earn in $$ and everyday when i see to convert and withdraw it back to my currency, the conversion rate goes down and down. What i earn today will be lesser if i withdraw tomorrow. 🙁 Thats so sad cuz most use US dollars to pay.