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|World & Business - Finance|
|Wednesday, 03 March 2010 01:11|
This 2010 will be a year of uncertainty for the dollar, for some developing countries, especially for Mexico, Brazil, Chile and Colombia, a low dollar would mean a revaluation of its currency to the international currency for Europe but low compared to one U.S. dollars one euro bring strong economic consequences that might worsen the economic crisis.
Currently 1 Euro equals 1.36 and is expected to fall rather than rise as excessive indebtedness of the United States still does not overcome and unemployment in the United States will continue to influence the dollar's depreciation.
How does a dollar under the European economy? It makes for a more competitive side of the goods manufactured in the United States affecting the sales of European and Asian countries, an overvalued euro could make European start importing instead of exporting to be cheaper and in turn cause other countries stop buying more expensive products salirle.
Besides the dollar affects the price of oil since this is quoted in this currency only if it can be paid in euro, a weak dollar makes oil more expensive in countries with currencies that are revalued.
In late September last year the company financial agency Bloomberg estimated that the dollar closed the year 2010 by switching to $ 1.40 per euro, which makes the Europeans are more interested in investing in the stock of the United States.
If you are interested in the value of the euro and the dollar in real time you can consult a currency converter.