Seattletimes.net: Dollar down, euro up, so what - by John M.Berry
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Dollar down, euro up, so what - by John M.Berry
The U.S. dollar is still at the center of the world's financial system, and its importance isn't fading in the face of exaggerated claims to the contrary.Nevertheless, the dollar continues to dominate foreign-exchange markets, U.S. financial markets are the world's deepest and most liquid, and Treasury securities remain the globe's premier risk-free investment. And, of course, the US is a market second to none, to which foreign companies supplied more than $2.2 trillion worth of goods and services last year.
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