GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Where do you see the USD in 1, 2, 5 and 10 years?

StarkReality · 10-15-2007, 05:26 AM

The US Dollar is still the #1 reserve currency, everybody is claiming the Euro is going to replace it soon, but the numbers say something different: 65.7% in Dollar in 2006, compared to 25.2% in Euro (Percentage of global currency reserves held in the particular currency).

The shift from Dollar to Euro was about 5% from 2000 to 2006 (70.5% and 18.8% for 2000), still a big ammount, but not as much as some people want us to believe.

So, many countries, including China, India, Europe, the whole OPEC states, Russia, Japan, etc. have a vital interest in these reserves keeping a certain value.

My guess would be that we are at or close to the bottom and move towards a 1:1 Dollar for Euro long term. The weak dollar is hurting european exports alot at the moment and will reflect on the Euro as well.

10-15-2007, 05:26 AM
StarkReality Confirmed User Join Date: May 2004 Location: 4 8 15 16 23 42 Posts: 4,444	The US Dollar is still the #1 reserve currency, everybody is claiming the Euro is going to replace it soon, but the numbers say something different: 65.7% in Dollar in 2006, compared to 25.2% in Euro (Percentage of global currency reserves held in the particular currency). The shift from Dollar to Euro was about 5% from 2000 to 2006 (70.5% and 18.8% for 2000), still a big ammount, but not as much as some people want us to believe. So, many countries, including China, India, Europe, the whole OPEC states, Russia, Japan, etc. have a vital interest in these reserves keeping a certain value. My guess would be that we are at or close to the bottom and move towards a 1:1 Dollar for Euro long term. The weak dollar is hurting european exports alot at the moment and will reflect on the Euro as well.