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American Dollar In The International Market

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I am really fed up of with the American economy. The dollar used to bully the international monetary market and now dollar has fallen so low that recovering would take a hell lot of time. I am too much concerned about dollar because I earn in dollars. The exchange rate used to be somewhere around seventy but now its at sixty three and half. I don’t know if I am supposed to be happy because the money value of our currency against the dollar has rose or to be sad because the value of dollar is declining and my pay is getting lesser everyday.

What conclusion I come into is that the effect of the 9-11 is being active right now. When the devastating incident took place, the economy wasn’t moved at all at that time, but gradually its effect can be seen now. Due to this incident Bush waged a war against Afghanistan and Iraq and spent its entire budget in war. Hope after Bush’s administration everything comes to normal.

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