What's better, the USD or the euro? The only way to measure the value of a currency is by comparing it to another. And Thursday, the dollar pounded its euro friend like in one of the world wars. The euro dropped 0.6% in value compared to the dollar, to $1.36 (that's how much it costs to buy one euro right now. On Tuesday it was $1.38). A $0.02 drop in value doesn't seem like much (although it used to buy a tootsie roll), but so much crap is valued in either euro or USD, that the implications of the change is freaking massive.
A strong USD isn't as nice for America as you'd think. In fact, the Godfather of the economy, Ben Bernanke, would probably prefer a weak dollar. Cheap dollars means that our stuff is cheaper for foreigners to buy, which is good for the economy because we export more abroad. The strong dollar is a sign of a strengthening America in the global economy, but Uncle Sam would prefer a strengthening protein shake instead.
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