Beginner Investing/Currency Markets

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Expert: Gina Boykin - 7/17/2008


Question
Hello:

I recently saw an article online entitled: "US Dollar Hits Record Low". The article was comparing the U.S. dollar to the euro. However, the exchange rate for this pair is increasing, It was at 1.5914 and then at 1.5923. Since the rate is rising why is the U.S. dollar regarded as being low?

I thank you for your reply.

Answer
Are you sure the rates were not the Euro/USD?  That is usually the way this pair is described.  In fact, I don't think I've ever heard of references to the USD/Euro.  This means that the Euro was worth 1.5914 USD and now it's worth more USD.  That's the only way the article would make sense.

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Gina Boykin

Expertise

Financial planning, debt management & credit cards, stock investments, mutual funds, bonds, foreign exchange(forex), and saving money tips. If I don't know something I will do my best to research and give you objective and relevant answers.

Experience

Investing, financial advising/planning, saving money

Organizations
Atlanta Youth Empowerment Series

Education/Credentials
B.S. Degree and 10 years of experience in Accounting and Audit. 10 years experience investing in stocks, mutual funds, bonds, real estate, options, and forex

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