EUR/USD exchange rate chart, past 1 years
As the stock market seems to be an ever rising juggernaut, so is the US dollar. Since a low in August, it also is rising everyday. At present, it is 1.355 against the Euro. As our dollar is devalued against even the Euro and inflation keeps rising (energy and food), the media and the administration tell us that the economy is rebounding. Look at the facts and decide for yourself. If you had converted your dollars to Euros six months ago, your return would be 12.5% (25% annualized).
Or, if you would have bought .223 two months ago, your return would be 200% (1200% annualized). What’s in your chamber?
David DeGerolamo
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