September 8th, 2008Even the British are betting on the dollar
The United States press is not the only place we are seeing calls for a dollar rally. The United Kingdom Times Online has a story very well worth reading, Profit from a plunging pound.
They are predicting continued weakness in the pound, and advising British citizens to “Invest in America”.
The pound has fallen 16% against the euro over the past year and hit an all-time low of €1.23 last week — compared with €1.47 this time last year. It also hit a two-and-a-half-year low against the dollar, falling to $1.77 — down 12.4% on the year and 16% from its peak of $2.11 in November.
Related Reading on dollar rally call:
- Preparing for and playing the dollar recovery – bye bye euro
- United States ranks 51 in Nationmaster debt to GDP
September 13th, 2010 at 6:40 am
For one US dollar you get approx 7.20 swedish krona. That’s alot of swedish money. A couple of years ago you got 10 swedish kronors for 1 dollar. So swedes find it cheap to shop in the states.