For the next four months all major currencies floated.

When Jordan allowed its currency, the dinar, to float last month, it plummeted.

Every day is the end of Western civilization - or should be, now that our currencies float free of gold.

It is a tenet of free trade that the currencies of large economies should float.

The preferred alternative is to let currencies float and adjust to market conditions.

Since then major currencies have floated in relation to each other.

Last year's dominant economic story might be summed up this way: When currencies float, economies sink.

But after the decision two weeks ago to let European currencies float freely, rates will fall.

His answer is to let currencies float.

In effect, European currencies are now floating.