Exports grow as dollar sags
Oh, how far the once-mighty U.S. dollar has fallen.
It's been a steady five-year decline for the greenback, a reality reflected by the fact that the Canadian dollar is now a more valued currency on the world market for the first time since the deep U.S. recession of the late 1970s. Kristopher Hanson in the Daily News.
And in the past 12 months, the dollar has deflated to about half the value of the British pound, and it now demands about two-thirds the value of the Euro.
A hamburger and pint of beer in London, if you can afford to get there, can set you back $25, and in India, where the rupee trades 34-to-1 against the dollar, the government has stopped accepting U.S. currency at tourist sites such as the Taj Mahal.