The expensive euro and the low dollar: what does it mean ?

The dollar stands historically low and the euro historically high. That comes because the American economy is in a dept and the European economy does it relatively good. The United States have an billions shortage on the trade assessment. The Americans buy and import more than they deserve. When the euro was born in 1999, it went much better in the US than in Europe. Meanwhile the roles have been turned over. Thanks to a low dollar is an American car in Europe suddenly thousands of euro cheaper. And that applies to all American products. There they deserve so much that they squeeze himself from the youngest credit crisis. The low dollar is for the Americans a blessing, the budget deficit melts away and this way also the trade deficit, the export can become at last larger than the import. The low dollar is exact what they want and necessary have.

http://www.overgeld.nl/rubriek/consument/2744890/

Benjamin