From OilPrice.com:
The European currency has depreciated dramatically against the US dollar in the past few months, falling from over $1.50 on December 1st to $1.35 today. The move has caused many investors to question the viability of the European Union and its currency, while also serving to reinforce the notion of the USD’s position as the world’s reserve currency.
To be clear, there has never been any question in my mind that the euro is just another flawed fiat currency. It could never serve as a real place holder for investor’s wealth or become a viable alternative to owning precious metals.
... But we currently find the question being asked more today than ever before if the USD can act as a safe haven from the troubles over in Euro land?
The answer to that question can be found in the data and the data clearly shows that...
Read full article...
More on the dollar and the euro:
What if the dollar doesn't crash?
The best currency trade in the world right now...
Doug Casey: European Union is going to implode soon
