So here we sit and see that the USD has dropped and breached the 1.30 mark against the Euro. The question is why? I would have responded on this question earlier, but could not. Last Friday my oldest English Bulldog Patches (11.2 years) went into the doggy hospital, and she died on Monday. Until Wednesday I have been a bit of a vegetable as Patches was my first real dog that I bonded with. So I have been oblivious to what is going on in the markets.
So why did the dollar drop? Is the answer here? Or how about here? What about here? Or what about here? Notice how nowhere you will find the reason why the dollar dropped? I find that really odd! Of course some will say, “Oh its the huge deficits of the US”, or “This drop was long in coming and finally somebody did.” Great love the comments (NOT) as they still do not make it any clearer. Many now say that this is the longer trend, and the drop will be bigger.
