Monday, November 16, 2009

The Dollar, or the $

The U.S. dollar is currently rather weak, according to news stories lately. What does that mean really, where are the facts and statistics behind that? One place to look is on the Federal Reserve site, where they post their weekly foreign exchange rate table. For articles try Business Source Complete.

Curious about the symbol commonly used for the dollar, the "$" symbol? One story is that it comes from the numeral 8 with a line drawn through it, to denote the Spanish "pieces of eight," the common coin of early America. The Dept. of the Treasury has a fun page at "" with lots of information about U.S. money, its history etc.

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