Why doesn't the US go on the Euro?

Question

We want the USD to be valuable as a sort of pride only? Looking at our trade activities shouldn't it always stay low? Make some profit on trading currencies? forex

Answer 1

The US doesn't go on the euro because the monetary policy of the US needs to reflect the fiscal policy and economic conditions of the US.  These conditions can be very different in the euro economy, leading to the risk that the European Central Bank might dry up the money supply when it would be advantageous in the US to expand it (and vice versa).

As is, it's already a challenge in the eurozone to get monetary policy right because the several countries pursue different fiscal policies and have sometimes widely diverging economic conditions.  In the same way, this could be said of differences in the US.  Ideal policy for Michigan now would be very different than ideal policy for Oregon; however, the differences aren't as acute compared to the difference between the US states and the eurozone countries.  

Answer 2

The US is not part of the European Economic Community.

Answer 3

Great question, I have one point of view, shoot me an email...

Answer 4

Gee I dunno, possibly because we are not European???  You may not have picked up on this, but the countries that are on the Euro are in that continent.  

Answer 5

The US Dollar is still the currency pegged by other currencies, even while it is falling. You can open an account in a european bank, if you think that long term, the Euro will rise again. You can also purchase a CD in a foreign currency. Check out www.everbank.com

You can also invest in an ETF (stock) that invests in foreign currencies. Naturally, you can invest in FOREX markets, if you prefer, but realize that is the riskiest form of trading/

Good luck! personally, I like precious metals better than fiat currencies