http://forexquestions.org/forex/what-would-happen-if-every-country-in-the-world-started-trading-in-euros Answers to all your Forex questions. Thu, 29 Jul 2010 21:10:34 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://forexquestions.org/forex/what-would-happen-if-every-country-in-the-world-started-trading-in-euros/comment-page-1#comment-2650 meg Sat, 13 Feb 2010 02:49:43 +0000 http://forexquestions.org/forex/what-would-happen-if-every-country-in-the-world-started-trading-in-euros#comment-2650 Countries trade in their own currency with exception of oil which is priced in dollars. The major effect within the US is oil prices would become more volatile. However several countries peg their currency to the dollar and most keep dollars in their central banks as reserves. If this would change to Euros the demand of dollars would drop. To some extent this has already happen in Europe when they created the Euro.. Countries trade in their own currency with exception of oil which is priced in dollars. The major effect within the US is oil prices would become more volatile.
However several countries peg their currency to the dollar and most keep dollars in their central banks as reserves. If this would change to Euros the demand of dollars would drop. To some extent this has already happen in Europe when they created the Euro..

]]> http://forexquestions.org/forex/what-would-happen-if-every-country-in-the-world-started-trading-in-euros/comment-page-1#comment-2649 Allan Thu, 11 Feb 2010 14:34:45 +0000 http://forexquestions.org/forex/what-would-happen-if-every-country-in-the-world-started-trading-in-euros#comment-2649 It would have no real impact on the US economy. The Fed would start withdrawing US dollars from circulation as soon as it recognized that the demand for money was falling. It would have no real impact on the US economy. The Fed would start withdrawing US dollars from circulation as soon as it recognized that the demand for money was falling.

]]> http://forexquestions.org/forex/what-would-happen-if-every-country-in-the-world-started-trading-in-euros/comment-page-1#comment-2648 Cal Seham Channel Blouker Thu, 11 Feb 2010 12:10:45 +0000 http://forexquestions.org/forex/what-would-happen-if-every-country-in-the-world-started-trading-in-euros#comment-2648 For one thing the USD would become worthless. The private families who own the US Federal Reserve would invest elsewhere and the 'moms and pops' would endure a depression, hardship, famine. It would be a very difficult time, and I think it is a very likely scenario. For one thing the USD would become worthless. The private families who own the US Federal Reserve would invest elsewhere and the ‘moms and pops’ would endure a depression, hardship, famine. It would be a very difficult time, and I think it is a very likely scenario.

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