Euro accepted in Manhattan
Written by A Forex View From Afar on Thursday, February 07, 2008Back to www.thelfb.com
Don't know what it is exactly that Mr. Trichet and the ECB does, but they sure have aneffect on the media. Remember Gisele Bündchen asking to be paid in Euro's or rapper Jay-Z waving Euro's instead of dollars in some music video?
Now another sign of international acknowledgemebt for the Euro comes straight from the heart of the dollar: New York shoppers are starting to we accept the Euro. That's a hard hit.
There are only 2 ways left for the Euro to totally own the dollar: to be able to buy US Treasury Bond in Euros and to see guys wearing Euro medallions instead of the dollar medallion.
But the hardest hit for the dollar will be if the Fed announces that they'll start printing Euro's, for a small fee of course. Hope not, because they are going to destroy it, as they did with the dollar.
Source:
Yahoo: "Euros Accepted" signs pop up in New York City
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