GlobalVillageIdiot wrote:
Just a guess, but possibly the USD has been climbing vs. other currencies because people see the USD as safer than the Euro these days? The USD has also been appreciating vs. the Euro. The US has its fiscal problems, but nothing like several nations in the Eurozone. Greece grabs all the headlines because they're in the worst shape, but Spain, Portugal, and Ireland are pretty shaky too and the worry is that if Greece defaults, one or more of them will as well.
That's why they're called the PIGS (Portugal, Ireland, Greece, Spain). Greece should have never been admitted to the Euorozone--they lied then and are lying now about sovereign debt vs. equity--zero chance they will ever meet the standards. And, damn Skippy, the US looks good by any comparison. How's the colon looking against the renminbi (Chinese currency)?--looked for it here fruitlessly:
http://www.chinability.com/renminbiconverter.htm