Not even Krugman has picked up on this one
May. 6th, 2003 01:38 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
libertangoHas anyone else noticed that the dollar has been tanking since the beginning of the War?
I have -- albeit wholly out of self-interest.
See, Ulrika has an account in Sweden that's kronor (SEK) denominated. Mostly it's a legacy from her grandparents.
That account has picked up 8.6% since the beginning of the year. About 2 percentage points of that has come in the last week of trading. Relative to normal currency trading, those moves are huge.
What a vote of confidence from the rest of the world, eh?
(Update: I just took a peek at the Euro, and the dollar's dropped about 7% against that since the beginning of the year as well. Even the ruble has gained about 2.5% against the dollar since the beginning of the year.)
I have -- albeit wholly out of self-interest.
See, Ulrika has an account in Sweden that's kronor (SEK) denominated. Mostly it's a legacy from her grandparents.
That account has picked up 8.6% since the beginning of the year. About 2 percentage points of that has come in the last week of trading. Relative to normal currency trading, those moves are huge.
What a vote of confidence from the rest of the world, eh?
(Update: I just took a peek at the Euro, and the dollar's dropped about 7% against that since the beginning of the year as well. Even the ruble has gained about 2.5% against the dollar since the beginning of the year.)
