Word: euros
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...dollar's value could be removed. Currency markets are clearly jittery. In late March, U.S. Treasury Secretary Timothy Geithner sent the dollar tumbling when he said he was "actually quite open" to China's proposal for a greater role for SDRs. The dollar lost 1.3% against the euro within 10 minutes of Geithner's unexpected comment. (The greenback recovered a short time later, after Geithner said he expected the dollar to remain the top global currency.) "The chance of a very abrupt fall in the dollar is quite possible," says Harvard University economist Jeffrey Frankel...
...pictures of the UEFA Euro 2008 Soccer Championships...
Trade Credits. When you stay at Barcelona's Hotel Casanova, you'll get a one-to-one exchange rate between the U.S. dollar and the euro. Meaning you can pay the room rate, posted in euros, in an equal number of dollars, instead of the current 1-euro-to-$1.35 exchange rate. The hotel will also accept the one-to-one rate on food, drink and spa treatments. Rooms start at 134 euros, which will save you more than $45 a night by this deal's reckoning. Through Dec. 20, use the promotional code "dollar." Gran Via de les Corts...
...session of our institution for even a second," said Joseph Daul, the French leader of the Christian Democrats in the parliament. "In this symbol of the reconciliation of European people, it would be an extremely bad signal for our citizens and the world," agreed Martin Schultz, leader of Socialist Euro MPs. "As a German, I have a duty to fight this...
...progressively worse. Not only has Hungary needed the life support of a US $25.1 billion credit line from the International Monetary Fund, its currency has been in free fall. Since the beginning of this year, the Hungarian Forint has slid 19% against the U.S. dollar, and 13% against the Euro. The government now predicts the economy could shrink by 3% this year, a modest estimate compared to the 7.5% drop predicted by some analysts. (See pictures of the global financial crisis...