
The financial market experts do not take the fall of the dollar as a still technical matter but have highlighted its obstinate effects of ! the global economy as the they state that the downfall of the dollar has reduced the reserves of the world s central banks and has marked down the value of all US assets on the world(prenominal) market place The financial analysts are conducting studies and they reveal the spartan fact with the results of their studies that this fall of the dollar would not only be negative for the US economy but it would also vex an dispirit in the markets which would further lead to a `global financial meltdown . Although the US financial administration is taking cunning steps to stop the further implications of this financial imperil , it is antecedentfully feared that the decline of the dollar value would be the major reason of the following-Destabilizing the power of the United States-Reorganizing global markets-Shifting strategic power in the international systemThere was a time when the dollar was the major currency of the world with the highest value . Its value was far above th e Euro from the class 1999 and to most of 2000 . The sudden downfall in value of the dollar started in the year 2001 and this downfall continued everlastingly through mid-2003 , which caused it to loose more than a quarter of its value against the euro . afterwards this brief competition between the dollar and the euro , the dollar is interminably backing away in the competition which is...If you trust to scramble a full essay, order it on our website: OrderCustomPaper.com
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