Bleak Period US DOLLAR 2009

U.S. dollar loses sparkle throughout 2009. U.S. dollar record its lowest position of the majority of global currency in 2009. However, the U.S. dollar still remains a major benchmark in the forex market.

The position of the U.S. dollar as a benchmark currency could also be sued. Some countries even begin to diversify its reserves continue to decline as devisanya dollar value.

Against the euro, the dollar weakened to record 30% on yen, exactly one decade after the single currency was launched on December 31, 1999. At the end of trading on the New York Stock Exchange, December 31, 2009, the euro traded at 1.4323 dollars.

The dollar also weakened the yen 10%, down 35% for Swiss francs, and fell 37% for Canadian dollars. U.S. dollar steady above noted pounds. U.S. Dollar Index is a calculation of the value of the dollar relative to other global currencies listed down 11% in the last 10 years.

The rupiah was included who enjoy the blessings weakening U.S. dollar. If at the beginning of 2009 the rupiah was in the range of 11,000 per U.S. dollar, at the close of 2009 the rupiah was at 9400 levels of per U.S. dollar.

Transactions involving U.S. dollars is also increasingly receded in the last decade 1. According to latest data from the Bank for International Settlements, the share of transactions involving the U.S. dollar falls to 88% thinner in 2007 compared to 91% in 2001.

Countries in different parts of the world also began to reduce the portion of U.S. dollars in reserves devisanya. The IMF noted the portion of assets in U.S. dollars held by the government including the U.S. and China reached 74.9% as of December 31, 1999. But on September 30 2009, proportion drops to only 70.2%. Decreasing portion of the U.S. dollar was mostly covered by the euro.

"Euro has started to challenge the status of the U.S. dollar as the main foreign exchange reserves of the world and it can be said bhawa in the last 10 years, the euro has come a long way," said Kathy Lien, director of research of Global Forex Trading foreign exchange as quoted by AFP