Quote:
Originally Posted by BV
The euro being so strong is mostly due to the germans, from what i have been reading.
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The value of the euro vs the $ is high because of our higher interest rates. Stupid euro bank keeps raising interest rates to keep inflation in check, making the euro more attractive to investors. Yes the Germans helped - their stuff is really expensive and yet their exports kept growing. Crazy Germans!
I think though now it's going mental because your trade deficit has gone a bit nuts making the $ of less value.
Dunno though really, but I always thought one of the major deciding factors was interest rates making currency more attractive for investors.