Will the dollar ever rebound against the euro and other major currencies? The euro had a tough time for a while when the Greek debt crisis exposed cracks in the multi-nation currency alliance. Since then, it has rebounded considerably while the dollar has plumbed the depths. What’s ahead for the dollar?
Source: Wikipedia Commons
To start, it should be no surprise that the dollar is weak. Diluting, demeaning and depressing the dollar has been semi-official policy for years, dating back to 2001-2002. If our leaders in Washington DC wanted to stop the decline of the dollar, they could. Easily. Therefore, if the dollar is falling — and it is — they want it to fall.
This chart shows the dollar against the euro. Click to enlarge:
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