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Featured Publications
Kazakhstan and the United States: Twenty Years of Ambiguous Partnership
The Five Futures of Cyber Conflict and Cooperation
US Lessons for the Eurozone Restoring Confidence through Transparency
Prospects and Challenges for Increasing India-Pakistan Trade
A US-EU Action Plan for Supporting Democratization: Egypt, Libya, and Tunisia
Council News
Jonathan Paris Discusses Syrian Crisis with France 24
Jonathan Paris, nonresident senior fellow with the Atlantic Council's South Asia Center, appeared on France 24 to discuss Russia's support for the Assad regime and what it means for a possible UN resolution against Syria.
Damon Wilson US Senate Testimony: Ukraine at a Crossroads
On February 1, Atlantic Council executive vice president Damon Wilson testified at a hearing of the US Senate Committe on Foreign Relations on the topic: "Ukraine at a Crossroads: What's at Stake for the US and Europe?"
Michele Dunne on US-Egypt Relations for NPR's Morning Edition
Relations between the US and Egypt have taken a downturn since Egyptian authorities raided the offices of seventeen nongovernmental organizations in December - three of them US-funded. Michele Dunne, director of the Atlantic Council's Rafik Hariri Center for the Middle East, spoke on NPR's Morning Edition about the situation and what it means for US aid to Egypt.
FEATURED ISSUE
The South Asia Center receives guidance and support from many experts throughout the world. Our senior fellows, guest-speakers, Center patrons, and visitors contribute heavily to the Center’s mission to “wage peace,” and engage the international community in the region. The Center asked our contributors the simple, but key question, “What you do expect in 2012?”
REGISTER
Euro Drops Ever So Slightly After Bailout Rejection
James Joyner | March 02, 2009
One has to love headline writers. YahooNews titles an AFP story "Euro drops against dollar after EU rejects bailout." That got my attention, obviously, so I read further.
The euro fell sharply against the dollar on Monday after European Union leaders ruled out a regional bailout plan for Eastern Europe at a weekend summit, analysts said. The dollar also won support from sliding stock markets and downbeat eurozone manufacturing data ahead of a widely-expected interest rate cut later this week from the European Central Bank (ECB), they added.
In late morning trading in London, the euro fell to 1.2603 dollars from 1.2671 late on Friday.
Against the Japanese currency, the dollar sank to 97.21 yen from 97.65 yen on Friday.
So . . . the dollar went up by a fraction so small as to amount to a rounding error and it's news? Complete with cause and effect?
Here, according to Exchange-Rate.org, is the fluctation in the exchange rate over the last 30 days:
The last 90 days:
The last year:
So, the rate has been as low as 1.24 in the last four months and as high as 1.60 in the last year. Surely, a fluctuation of seven thousandths of a dollar is nothing to write home about?
James Joyner is managing editor of the Atlantic Council.
