While Gisele and Jay-Z made the biggest headlines with their public preference for Euros over US dollars, an increasing amount of goods and service providers are now demanding to be paid in Euros. In response to this trend, Airbus parent EADS announced this week that it will require its suppliers to bid for new contracts in dollars. The company's policy is intended to "shift the punishing burden of dollar risk on to suppliers". Talk about an unpopular currency.
Unless i am getting confused in my old age but shouldn't the chart, ie the Y-axis, be labelled Euros per dollar? the dollar is getting weaker so it buys fewer Euros since the early 2000s. so in 2008 you get only .65 or so Euros per dollar?
Posted by: San Fran Sam | March 13, 2008 at 02:07 PM
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