The dollar keeps on weakening

The dollar does not stop detaching, and the fact is that the euro changes again over 1,50 dollars and is supported in annual maxima. This new sample of weakness of the American currency coincides with a few declarations of Tim Geithner, American secretary of the Treasure, in which he repeated that a strong dollar is “very important” for the United States.

This way, Geithner has affirmed that he considers “deeply important for the United States and for the health of his economy to support a strong dollar”

The European currency has touched today a maximum in the meeting in 1,5045, dollars, very close to the previous annual roof of October 26 of 1,5063. In what goes of year, the euro has appreciated 7,63 %, while from the minimums of March 1,25, it has gained more than 19 % with regard to the dollar.

Traditionally the American monetary persons in charge have proved to be favorable to a strong dollar, but they seem not to be capable not of remedying his erosion that, on the other hand, helps to stimulate the American exports.

In addition to with regard to the euro, the dollar also has yielded with regard to the rest of more important coins. In particular, one has depreciated about 15 % from the maximum value reached previously during this year as regards a basket the six strongest currencies.

Robert Zoellick, the president of the World Bank, has sent today a message to the USA. as regards this situation. This way it has urged to the country prison for Barack Obama to contain his big deficit and to support the credibility in the dollar, which depreciation worries to the rest of the economies of the region Asia - Pacific Ocean.

The president of the World Bank, which is in Singapore to inform in the Forum of Economic cooperation Asia - Pacific Ocean (APEC), has affirmed that immediately after the financial crisis the national banks will have to raise in the short term the option to diversify his reservations in currencies till now dominated by the dollar, to give entry to other coins, as for the example the Chinese yuan.

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