The West Melbourne Post

President Obama said the Dollar is strong, but I wonder what he is comparing it against.

Tonight 1 Euro = $1.34 and change or to put it another way $1 only buys .77 Euro. When the Euro was created, it was worth 1 US Dollar. So, over the last decade, the US Dollar has lost about one-third of its value.
See a graph of the value of the US Dollar over the last 4 months.

This entry was posted on Tuesday, March 24th, 2009 at 20:16 and is filed under Economy, National Politics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.