While I was in Korea, I kept track of the declining US Dollar for a few months, as it seemed inevitable that it would keep falling for some time. However, I gave up as the trend reversed itself and people started buying up US Dollars due to the recession.
While it's hard to say if the recession is over or not, two details point towards it coming to end. First, miles driven on US highways have started to increase, second, since February nearly all major currencies have gone up in value against the US Dollar. That's right, the sinking US Dollar is a sign of recovery. Unlike in 2007 when the declining US Dollar was always in the news, this decline has largely gone unheralded. However, as the US Dollar inches closer to parity with the Canadian Dollar, we will probably start hearing things.
Anyway, I set up a few new benchmarks with predictions as to when they'll be reached (monthly average).
7 Swedish Krona > $1 US, Oct. 2009
30 Russian Rouble > $1 US, Oct. 2009
1 Canadian Dollar > $1 US, Dec. 2009
1 Australian Dollar > $1 US, Dec. 2009
1 Swiss Franc > $1 US, Dec. 2009
1100 Korean Won > $1 US, Dec. 2009
1 NZ Dollar > $1 US, Mar. 2010
1.50 Brazilian Real > $1 US, Mar. 2010
0.60 Euro > $1 US, Apr. 2010
90 Yen > $1 US, Jul. 2010
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