This is a moment that every american citizen with good knowledge of finance has been waiting for. Finnaly the usd is getting some power over the euro. This might be because the us market has fallen way before the euro one, and how is was supposed to, the us market got out of the crysis before the euro market, in about 1 or maximum 2 years we will have the thru usd/euro exchange rates. I call them thru because now the exchange rates are forced by investors that bid on euro or usd trying to make some extra cash on the exchange market.
This is great news because everything we get from europe it will be more and more cheapear, because or usd will be worthing more and more. I think that in about 3-5 years we will forget everything about this crysis, evan the people from europe won’t think about it so much.
This usd increasing in worth is not all the time a good news, because people will stop buying from us if the usd gets to strong and they will start to sell to us things and services because of the higher power of the usd. So we must be carefull about what we want, because we do not want to get to strong so that other people can come and take advantage of this.
In my opinion the exchange rates should be 1.1usd / 1 euro. I don’t say it is the best exchange rate for everybody from a profesional point of view, I am just expressing my own point of view about the exchange rate.