US Dollar "Skyrocketing"
Sep 26th, 2014, 12:09 PM
#1
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US Dollar "Skyrocketing"
Seems like a great time to visit Europe for Americans these days. The euro is down to about $1.26! Can parity be far behind? And the pound has backed down to $1.62. It was up around $1.70 just a couple of months ago.
But remember, what goes up must go down!
But remember, what goes up must go down!
Sep 26th, 2014, 12:14 PM
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Hold onto you beer - that is a minor drop - heck several years ago it was .80 e to the $.
At $1.26 Europe will still be much more expensive across the board - except for wine and bread perhaps - than the U.S.
But a good sign but after watching exchange rates for years they always defy predictions.
In terms of uncertainly vis a vis oil prices and wars like we are now waging the dollar is considered to be a safe haven and inevitably spikes for a short time.
British pound has been around 1.60 $ for the last year or so so that is not a drop at all - well from the temporaruy 1.70$ to the pound it is.
can parity be far behind for the euro vis-a-vis the dollar well don't bet your last dollar or euro on that.
Come back in a month or two and if the same then the euro has a weakness not currently apparent.
At $1.26 Europe will still be much more expensive across the board - except for wine and bread perhaps - than the U.S.
But a good sign but after watching exchange rates for years they always defy predictions.
In terms of uncertainly vis a vis oil prices and wars like we are now waging the dollar is considered to be a safe haven and inevitably spikes for a short time.
British pound has been around 1.60 $ for the last year or so so that is not a drop at all - well from the temporaruy 1.70$ to the pound it is.
can parity be far behind for the euro vis-a-vis the dollar well don't bet your last dollar or euro on that.
Come back in a month or two and if the same then the euro has a weakness not currently apparent.
Sep 26th, 2014, 09:25 PM
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Anyone who follows any market is baffled by the fluctuations. While Wall Streeters like to think of themselves as hardened criminals, it seems they are easily frightened of places, they never heard of until 15 minutes ago. Do you remember the two day panic over an obscure bank in Portugal named the Holy Spirit a few months ago?
Who knows what moves the markets and now it is even more frightening because most of the institutional stock trades are at the whim of some computer algorithm.
Who knows what moves the markets and now it is even more frightening because most of the institutional stock trades are at the whim of some computer algorithm.
Sep 26th, 2014, 11:05 PM
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Come over to Europe and pay your traffic fines they are cheaper now ;-)
http://www.fodors.com/community/euro...from-italy.cfm
There was one other but it has been removed from the forum
http://www.fodors.com/community/euro...from-italy.cfm
There was one other but it has been removed from the forum
Sep 27th, 2014, 04:08 AM
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Checking xe.com, at this precise moment, 1202 gmt on 27/09/14, the GBP stands at $1.62440. For the most part, one of the above poseters is correct in saying that for a good part of the last year, the GBP was around $1.60 but it did spike up earlier this summer to close to $1.70.
But the last sentence in my original post is the key. As far as the USD and EUR parity, don't forget the EUR was originally pegged to be about $1.16 when it was a virtual currency and being prepared for use and soon after its introduction, fell to $0.80 but has been as high as $1.55 or so. International currency rates will always fluctuae.
But the last sentence in my original post is the key. As far as the USD and EUR parity, don't forget the EUR was originally pegged to be about $1.16 when it was a virtual currency and being prepared for use and soon after its introduction, fell to $0.80 but has been as high as $1.55 or so. International currency rates will always fluctuae.
