Since the apparition of the euro in 2002 the fall of the dollar has been a constant. In these last years the dollar and euro have become reference currencies in the world. The dollar has lost this year 15% of its value in front of the euro and other world currencies, as the yen and the pound,and even in front of less important foreign currencies as the Canadian dollar, that this year was positionated for the first time in the same place as the American dollar. Last Friday the euro quoted at 0.6821 dollars.
As it has been mentioned many times, dollar and euro are the currencies that rule the world economy actually, this week there were some news that if they had become real, it would have broken the resistance of the dollar in front of the euro. Saudí Arabia, a historical economic and military allied of the United States and Great Britain stopped a proposal from Iran, supported by Venezuela and Equator so that the Crude Exporters Countries Organization replace the dollar per the euro in their commercial transactions that they do to the world. The dollar situation in these last years makes the organization worry and they have been studying the technical situation to see how does it influence on the crude commerce. The relation dollar and euro give every time more reason to avoid this relation between crude exporters countries with the government of the United States, even if history is important and the relations that have got the United States with militar, financial and economic help are an important factor to have the balance for the dollar.