[KevO]

Sterling last reached the $2 mark in September 1992, just before the "Black Wednesday" crisis, when currency speculators forced the UK government to withdraw the pound from the European Exchange Rate Mechanism.

If the pound does pass the $2 mark, currency experts believe it will be a reflection of the dollar's weakness across the globe.

China has gigantic reserves of foreign currency, much of which is held in dollars.

"Since April there has been more and more comment from Chinese central bank officials about the composition of their reserves," said Mr Derrick.

"There is a definite feeling that they are uncomfortable with their weighting of dollars."

Full BBC article

[rwwff]

Euro, Dollar has gone from 1.1E to 0.8E over the past five years.
Pound, has gone from 0.7 to 0.5 over the past five years.

Yen, Dollar had a transient peak high near 135, but looks mostly like "trading range" for the five year period. Small slip from 125 to 115 seems real.

Chinese Yuan is artificially manipulated, but was allowed to slip from 8.2 to 7.9.

Indian rupee is similarly unchanged.

Korean Won has gone from 1300 per dollar to 960 per dollar.
Thai baht, same pattern.
Canadian dollar has gone from 1.6 to 1.1 ish.

On the other hand, the US dollar has gained vs the Mexican Peso. hmmm

I think this supports my hunch that China, US, India, and Japanese economies are very tightly interwoven. I think we are destined to rise and fall together.

[Vexed]

$this->bbcode_second_pass_quote('', 'I') think this supports my hunch that China, US, India, and Japanese economies are very tightly interwoven. I think we are destined to rise and fall together.