4 ms·

What? Nothing could be further from the truth.

• yareally 13y ago
  While it may not be fading, the Euro has pretty much leveled[1] off after some decline compared to the dollar over the past year due to the troubles in some of the weaker European Economies. How it will look in the future is uncertain as of now, but depends on how Greece and others stabilize and pay off their debts. [1] https://encrypted.google.com/search?q=euro+to+dollar https://encrypted.google.com/search?q=euro+to+dollar
• rtkwe 13y ago
  Take a second read. It's talking about the currencies themselves not the underlying economic power of the country. An ambiguous title to be sure but it's not exactly a dense article.
• drone 13y ago
  I have a feeling that you did not read the article at all. As it clearly states, nearly 44% of global currency trades are USD. Showing a 1.1% rise over the past three years, whereas the Euro is at nearly 17%, showing a 2.8% drop over the past three years, and the RMB shows a 0.5% rise to 1.1% over the past 3 years. Which of those facts do you dispute, and what data set backs up your claim that this data is not true?
  • ohazi 13y ago
    Just a nitpick, but it's really a 1.1% and 0.5% delta. Saying that something is "showing a X% rise over N years" makes it sound like the quantity being measured rose by X%, which is not the case here. It's made more confusing because the quantity we're talking about is already a percentage, but still... The global RMB fraction has grown by 175% (despite remaining significantly lower than the USD fraction), while the USD fraction has grown by ~2.6%