US Dollar has lost 35% of its value since Feb 2002
Nice chart of the US Dollar Trade-Weighted Exchange Rate Index from 1973 to today.
Already, the US Dollar has lost more than a third of its value (35%) against a basket of major currencies since Feb 2002.
Also, the decline seems to be accelerating. The USD lost 12.5% in the last year, 3.5% in the last month, and 1.5% in the last week alone.
Comments
Posted by: Lisa
Posted on: November 10, 2007 12:11 PM
Certainly seems that this is an intentional decline - the weak dollar increases export possiblities by making American goods cheaper for other countries. Imports, however, are dampened by the exchange rate. Good for America, bad for other countries. Not really a fair game.