Global Euro use slips in 2012; Dollar remains king; Canada and Australian currencies emerge

Wednesday, July 10th 2013 - 05:57 UTC

Full article 5 comments

International use of the Euro slipped last year because of the debt crisis in Europe, but the US dollar held its own as the world’s leading currency for reserves held by central banks, according to the European Central Bank. Read full article

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Cruzansailor
This article is very inaccurate. The Australian Dollar has lost over 20% of its value in the last few weeks and is teetering on getting even weaker. Exports of the abundant natural resources have shifted to countries with much cheaper production costs such as Mongolia, Papua New Guinea, Indonesia, Peru, The Congo etc. I feel that the high flight of the Australian economy is about to have a landing similar to Air Asia in San Francisco.
You are correct in stating that the US dollar is still the currency preferred by central banks around the world, but what will happen when the piper calls in all that quantitative easing, the printing of currency for the sake of printing currency? Time will tell, and not the self proclaimed experts.
Jul 10th, 2013 - 08:51 pm - Link - Report abuse 0
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Anglotino
Cruzansailor

Must be nice live in an alternative reality as you!

Do pigs fly there?
Jul 10th, 2013 - 11:29 pm - Link - Report abuse 0
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Cruzansailor
No but they do in Argentina, everytime that Turkey Necked Vulture CFK takes to the air.
Jul 11th, 2013 - 12:58 am - Link - Report abuse 0
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fairymuse
They talk about the Canadian dollar like it's a weather forecast. It's not. It's fairly easy to devalue our dollar in relation to the US greenback, and vise-versa, by increasing or decreasing the money supply. The Canadian dollar can rise above par whenever they want it to. Canadians should be getting our oil at wholesale prices, we should be paying less than the Americans for our oil fuel without having to reduce fuel taxes or apply for additional support from http://northenloans.ca/.
Jul 11th, 2013 - 08:47 am - Link - Report abuse 0
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Fred
Meanwhile Brazilian Real which once worthed US$1.00 now worths only less than 50 cents of dollar.
Jul 12th, 2013 - 01:23 am - Link - Report abuse 0
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