The U.S. Dollar is now at parity with the Swiss Franc

| 25 November 2009 12:45
Benchmark Currencies: 16 Dec 2008

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Nearly one year later and the U.S. dollar is looking very weak – and not just against the Euro, but also against Sterling and Swissy, and especially against the Loonie and the Aussie Dollar.  Even the Japanese Yen is up against the U.S. Dollar. And of course, the Chinese Yuan is stable against the U.S. dollar because of a peg.

Benchmark Currencies: 25 Nov 2009

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Will it continue?  That is the question we all want to answer. There are fears that a reversal could be violent, disrupting the global economy. But, if the dollar’s descent does continue, expect to hear a lot more cries for protectionism against cheap Chinese goods – this time from Europe.

Sources

Benchmark Currency Rates – Bloomberg.com

Swiss Franc Strengthens to Parity With Dollar on Recovery Signs – Bloomberg.com

avatar About Edward Harrison

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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