The dollar sank to an all-time low against the euro Wednesday with U.S. inflation at the wholesale level coming in three times as high as expected in March, on top of escalating food and energy prices.
Wednesday, April 16, 2008
Dollar Sinks
The dollar sank to an all-time low against the euro Wednesday with U.S. inflation at the wholesale level coming in three times as high as expected in March, on top of escalating food and energy prices.
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This is terrible!!!!!! Every time the Euro goes up, it brings the US dollar down. So prices will continue to rise. Company's are going to send their products to Europe in order to make more money. This means that we have less goods. Which makes all the prices go up. If you think gas prices are high now. wait untill the Euro keeps on going up.
THIS IS TERRIBLE! Prices will continue to be on the rise now! As Bigdawg09 said, when the Euro goes up, the American dollar will continue to rise! This situation can only get worse, unless we magically resolve our economic issues!
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