Just as I predicted. Or rather, I predicted a Kerry victory would cause a dollar rise, and a Bush victory a dollar fall:
http://biz.yahoo.com/rb/041104/markets_forex_1.html
Keep in mind my friends, Americans are now worth only about 62.5% of what they were when Clinton left office, thanks to Bush's debasement of our currency.
RUN FOR THE HILLS!
Only if the beloved John Kerry were elected president would he prevent this drastic decline by the decline by the U.S. dollar. Not to be facetious, but unless a Kerry Administration adopted a fixed exchange rate policy (which on to itself would cause more problems) the dollar would have declined against the Euro, regardless who was in office.
The decline of the dollar against the Euro was inevitable as the dollar was overvalued. The U.S. dollar is simply adjusting, and compared to the severe fluctuations incurred between the dollar and the German Mark in the past, this dollar adjustment has been mild.
