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Do you think euro will change dollar as a main currency in the world? email this discussion to a friend?

myLot reputation of 97/100. femimi (587)   ranked 552 out of 27,728 in make extra money3 years ago

Nowadays I see that euro currency is more competitive than US Dollar. And more dominate in business trades currency. Do you think that euro will change US Dollar as a main currency in the world? I think if the US currency is always drop like right now, maybe there is a big chance for Euro being a main currency, as some countries are also try to trade prefer with euro than with US Dollar.

 
 
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tags:  us dollar, euro, main currency, money, euro v/s dollar
 
1. Gebara (92)   ranked 2,727 out of 27,728 in make extra money   3 years ago

Hi femini..

This question is so hard.. I think that is possible.. I think it becouse Euro, in the moment, worth more than US dollar, and the contries who use Euros are more rich (no one.. but all together.. ) than US..

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2. myLot reputation of 92/100. fredgame (1071)   ranked 3,314 out of 27,728 in make extra money   3 years ago

yes, gradually the euro is gaining grounds than the U.S dollar and recently the U.S dollar has fallen in value which resulted in an increase in crude oil price up to 90+ and fell back to 89+. even other currencies will surpass the U.S dollar as time goes on. the euro is already higher in value than the U.S dollar and since it's the major currency among europeans and other none europeans.
it's the currency that's between the pound and the dollar, so many traders and businessmen use it as it's value is quite stable.

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3. myLot reputation of 96/100. book1962 (14685)   ranked 5,308 out of 27,728 in make extra money   3 years ago

maybe the euro will be main currency, when it started I never thought this would happen and thought our new currency is much too weak to be a real good and stable one.
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myLot reputation of 97/100. femimi (587)   ranked 552 out of 27,728 in make extra money  3 years ago

ic... and euro is the stronger day by day:)

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4. myLot reputation of 96/100. youless (15321)   ranked 424 out of 27,728 in make extra money   3 years ago

I don't think so. As I still think USA is one of the important country in the world and it is advanced in many aspects. So it will be still the main currency in the world. The dropping of US dollar won't mean anything. Perhaps it is a currency policy, because sometimes being a weaker currency will have some benefits.

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5. myLot reputation of 99/100. wolfie34 (13909)   ranked 13 out of 27,728 in make extra money   3 years ago

Personally I can't see the Euro replacing the dollar, in the UK there has been so much opposition against the Euro taking over from the pound. Although I think it would be easier if there was just one currency for the world I can't see it coming into affect, certainly not this millenium. I may be proved wrong but certainly for the foreseeable things will stay the same, unless their is a big turn around in the big powers.

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6. myLot reputation of 85/100. ptrikha1 (4115)   ranked 353 out of 27,728 in make extra money   3 years ago

Well as the trends over the past 2-3 years show;Dollar seems to be losing its Global Dominance as the World Currency of Choice to Euro.
But the Total change-when that happens and in how many years is a question however.

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7. myLot reputation of 79/100. eyewitness (1143)   ranked 1,854 out of 27,728 in make extra money   3 years ago

Well Euro is getting stronger and stronger,but think about the chinese business.In a couple of years there economy has grown and grown and they will grow till they have the biggest economy.Here in holland people start to talk about chinese language at school as a class.So it could be possible that the Yen will grow bigger than the Euro and dollars.

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