Narain is the founder & CEO for 360 Degree Interactive, a web services firm based in Chennai, India. This blog is about his personal views on Web 2.0, RoR, Social networking,Digital media, interactive advertising, SaaS, Service Oriented Architecture, India Inc, rural education, Web standards, mobile 2.0 and more.

Tuesday, April 12

Dollar Dreams

The US Dollar is crumbling. In the month ending March 2005, the US Dollar has been on a continuous roller coaster ride downwards. 3 years in the falling, the US Dollar has fallen more than 50% against the Euro and 25% against the Japanese Yen. But, howcome, US is going stronger with a falling currency. The reason is Asia. Asian countries invested almost $400 Billion in the US, mostly in Government. The Chinese, Japanese governments putting their excess national savings in US Government bonds.

It's now time for India to wake up to the new reality on ground, that Euro is going stronger as a world currency. Newyorker has a detailed article on this and worth a read!