Explores the effects of the euro on the dollar and the future of both currencies.
This paper looks at many aspects of the euro vs. the American dollar issue. The paper looks at the strength of the euro in proportion to the dollar, the benefits and disadvantages to both Europe and the U.S. of a strong euro or a strong dollar, and the possible future of both the euro and the American dollar.
“In today’s modern market, two currencies stand out, those of the United States dollar and the Euro. Until recently, the dollar was considered the strongest currency and the default currency for the world (Landler, May 18, 2003). Yet with Euro gaining considerable ground in many countries, the future of both the euro and the dollar is undecided.”