hello
7 Nov 2007
News / Weak US dollar in Poland and other countries... [180]
Well, it will be interesting. I think people from other coutries than the US don't get the whole message yet. They seem happy their currencies (like Polish Zloty) are strong. But they forget that their export will die because people now buy whatever they can in the US. Not even in China sometimes. Canadians go shopping to US; I've heard people from the UK do the same. The US won't import anything from Europe because it's just too expensive and Americans won't buy it. Euro car dealers in the US are in much trouble, Japanese too..
I guess it will go as low as at 2 zl per dollar and from then on it will only increase for the next months or years... The turn of the falling trend will be after the US presidential elections in a year.
Dollar is falling down like a stone. What do you think will happen ?
Well, it will be interesting. I think people from other coutries than the US don't get the whole message yet. They seem happy their currencies (like Polish Zloty) are strong. But they forget that their export will die because people now buy whatever they can in the US. Not even in China sometimes. Canadians go shopping to US; I've heard people from the UK do the same. The US won't import anything from Europe because it's just too expensive and Americans won't buy it. Euro car dealers in the US are in much trouble, Japanese too..
I guess it will go as low as at 2 zl per dollar and from then on it will only increase for the next months or years... The turn of the falling trend will be after the US presidential elections in a year.