Watching the data lately it's been very strange, it appears the Euro and GB Pound are nearly on parity with eachother Either this makes it an awful time to get the Euro, or a great time to buy the pound.

I remember when the Euro was first coming into existence, and it was around 79 cents to the Euro. Good days for Americans, but now we see it couldn't last. I agree with you however, this appears to be a good time to get in on the pound based on it hitting long time lows.

Rightly said papajohn56, its a great time to buy pound..

As per current market situation, it'll be great for investors to be investing in GBP currency and make few extra bucks when the forex market gets back to the normal self, which is bound to happen once the market has started moving upwards.

isnt it?

Well I'm not sure how long that will last I've heard rumors of the US possibly moving to the Amero North American currency union - Wikipedia, the free encyclopedia

It is more of a rumor but I feel with the current state of things it may be considered sooner or later as a possibility.

Basically it'll combine canadian dollar with usd and the peso.
Just as the Euro combined many countries currencies as well (which gave it a boose in value versus a USD).

I seriously doubt this will ever happen. It would probably hurt the economies of the US and Canada more than anything, while giving Mexico a free boost. There isn't really that much of a thing going on with US/Canada/Mex like Europe had going, mostly due to being so close together.

I too doubt the possibility of the Amero. I think it would hurt the value of what is already established, and makes little sense. A treaty like that made sense for Europe, being that all of their nations are basically the size of our individual states.

Then again, we never know what the future may hold. As an attempt to leverage ourselves against increasing debt, you never know what will happen. A currency like this wouldn't necessarily hurt us I don't think though

This may have been a minor bump in the road. Watching the data right now, the Euro is falling back, as well as the pound. The yen is also heading back to the area of 100 very suddenly it appears, so we may be witnessing some return to normalcy.

Agreed, wouldn't hurt anyone except United States. Some good notable points can be looked up at Wikipedia, link: Criticisms and problems

One major point I would like to highlight here that will hold United States from opting for North American currency union is the following:

The United States dollar already acts as a global currency, meaning any transition to a 'new' currency would risk compromising this position and could cause a shift toward the euro or yen. The U.S. dollar is currently being used in over half of all the world's exports, double the total United States foreign trade. The adoption of the amero could threaten the seigniorage that the U.S. currently gains from its dollar.

The United States government cant risk that superiority level they have been enjoying all this while.. or will they?

I really don't care if we loose value. Our currency is produced by a private cooperation. I already think that's screwed up. I am personally all for the amero. I think it may help with the immigration issues as well.

I also think that bigger companies will try and combat the amero, such as walmart. Walmart has tons of factories in Mexico. Meaning if Mexico moved to an equivalent status, they'd have to pay higher wages. Everything would go up slowly or all cheap labor will be forced back in to Asia.

Moving to the Amero would save millions in currency transactions each year. It also means Mexico would be counted in the Forex. I don't think pesos are in the Forex... are they?