Wednesday 21 November 2007

Is the Dollar Losing Its Lustre?

BBC:
It's the lingua franca of currencies - a symbol of wealth in movies, music, backpackers' pockets and central banks all over the world. But will the dollar's current doldrums end all this?

The dollar is suffering. Rarely a day passes when something is not written about its weakness against the pound and the euro.

Since World War II, when the influx of GIs into the UK and the triumph of the American economy on the world stage ushered in a new era, the dollar has been a symbol of US industrial and cultural dominance, as well as of the glitz and glamour of the world's ultimate showbiz nation.

But in this era of uncertainty, will the dollar stay iconic or will it lose its lustre to the euro or the Chinese yuan?
Is the dollar losing its luster? (more)

Mark Alexander