When aWol was misinaugurated in 2001, oil was about $27 a barrel and you could buy a euro for 90 cents. Today, oil is at $98 a barrel and a euro costs $1.47.
The dollar skid to a record low against the euro Wednesday in Asia on speculation that China may shift more of its foreign currency stockpiles -- the world's largest -- into the European unit and away from the greenback.The U.S. dollar fell to 113.90 yen by midafternoon, down from 114.57 yen late Tuesday in New York.
Reuters reported a senior Chinese political figure as saying Wednesday that China should diversify its $1.43-trillion foreign exchange reserves into the euro and other strong currencies.
....but hey, do what you want....you will anyway.
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