The greenback has soared by 18% since July against a trade-weighted basket of currencies.
But it makes perfect sense if you see gold as an alternative currency to the dollar, rising when the greenback declines and vice versa.Gold's fall could be an omen in another way, too.
The prospect of quantitative easing by the European Central Bank has sent the euro tumbling against the greenback, further helping European exporters.
When the euro was set up, it was seen as a potential reserve currency to challenge the dollar; its downward slide against the greenback is followed neurotically.
That way they can still get a late-night snack at the 7-Eleven after the money-changers have closed.Special report A game of catch-up Becoming number one One-track bind Climbing greenback mountain Crowded out Gurgaon grief Role reversal Beefed up Cottoning on Sources & acknowledgmentsReprintsThat is how, not long ago, the yuan set out on its career as an international currency.
The appreciation has been most marked for the Australian dollar, which has strengthened by 41.9% against the greenback.
Relatively beefy growth in America has helped to fatten the greenback.
The pound, the only major currency to have held up against the dollar since the start of this year, has fallen by 4% against the greenback since April, because of fallout from Europe's troubles.
Whatever happened to the world's biggest economy boom, recession, political and national security crises the greenback stayed aloft.
Unlike those more expensive delicacies, former prisoners say, the mack is a good stand-in for the greenback because each can (or pouch) costs about $1 and few -- other than weight-lifters craving protein -- want to eat it.It's interesting that mackerel makes a good currency in part because it's not considered a desirable food.
The price of gold also rose to a 13-year high as the greenback fell.
