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Reasons why the dollar rules

Headline: Reasons why the dollar rulesSource: EuromoneyDate: January 2002Author: David Roche         Back in January 1999 the euro was heralded as a strong currency that would soon outshine the dollar. Europe had a surplus on its external balance of payments and tight fiscal policies. The US had a huge current account deficit, […]

January 1, 2000

Headline: Reasons why the dollar rules
Source: Euromoney
Date: January 2002
Author: David Roche

       
Back in January 1999 the euro was heralded as a strong currency that would soon outshine the dollar. Europe had a surplus on its external balance of payments and tight fiscal policies. The US had a huge current account deficit, net external liabilities and budget deficits. The dollar was bound to dive. How wrong the dollar bears have been.

Nevertheless they continue to trumpet the same old arguments for expecting the dollar to lose ground this year.






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