About That Plunging Dollar

I hear all the time about the plunging dollar, but if it has plunged, I’m afraid I missed it. You’d never know this by listening to the rhetoric, but the dollar lost only -2.9% against euro last year. The year before that, the dollar gained 4.9% against the euro. Doesn’t sound like a plunge to me.

(The chart above is dollars-per-euro, so a downward line means a strengthening dollar.)

Posted by Eddy Elfenbein on January 25th, 2010 at 2:52 pm

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