Euro dropping vs $
 

Hey Fodorites,

the Euro is going down with relation to the $ by 6 cents...from $1.59 now to $1.53 ! Hope it continues further through September.

April and May 2007 I was paying $1.32 exchange - doubt it will go down that far but it would be nice.

I may wait to book and pay for things online til September to see how it goes.

Mahya2 wrote: "I may wait to book and pay for things online til September to see how it goes."

Yet another currency speculator comes out of the closet.

I think things are a little better because the price of oil is down quite a bit. This is helping the US $.

And Padraig wrote: "Yet another currency speculator comes out of the closet."

And here's another one. Whoohoo!!!

jdc

The $ is going to crash, there's no way around that.

Sell, while you can.

That's why I come here -- for the financial advice.

logos999 wrote: "The $ is going to crash, there's no way around that. Sell, while you can."

logos, are you still in America? And trying to panic people into selling you their dollars at a reduced price?

Shame on you, sir!

This from the guy who bragged that Deutsche Bank had no mortgage security losses....

LOLOLOLOLOLOL . HaHaHaHa.

You need to keep it simple, to be understood on fodors :D ;-)

Deutsche Bank is still standing and well, unlike like many other banks in the US. :D

JDC,

It may be because Andrew Cuomo, NY State Attorney General startd suing the banks and the hedge funds for their speculating - the oil price dropped immediately and for sure they must have been speculating in $ and Euro.

News this morning he forced Citibank to make good with losses to consumers and they agreed to pay a $50 million dollar fine.

Go Andy!

Of course the $ is getting stronger; Favre was traded to the Jets.

longboatkey wrote: "Of course the $ is getting stronger; Favre was traded to the Jets."

That's about the best piece of economic analysis I have seen on this forum.

Leave it to Logos99 to put a damper and spoil the moment. Way to go Logos99. How much do you think we can fetch $-wise to send him back?

jdc

Enjoy the moment, it won't last.

Good gawd, the voice of doom.
Logos, give us your address, we'll send a subliminal cd for positive thinking.

"300" is shown on TV right now, in the end, the Persians will win :D
The $ won't even deliver a good fight. No mercy.

Sob! Sob! Favre left for the Jets.
The Packer management is crazy.

Hooray! the dollar is doing better and hope it gets better by October!!

Author: logos999
Date: 08/07/2008, 03:05 pm

You need to keep it simple, to be understood on fodors

Deutsche Bank is still standing and well, unlike like many other banks in the US.


Pray tell. And just how "many" banks are you talking about?

Dollar from Zimbabwe?

If you love to travel, you'll find a way no matter what the dollar does. BUT, I'm excited about the small improvement, with a trip to Europe for October. Who knows what it will be by then? We'll just find ways to economize, use FF miles and hotel reward points, and stay away from expensive dinners. As for financial advice and forecasts, I'll leave that for others - even those who claim to know about such things can't seem to get it right for now.

I'm with logos, that's why I'm spending all my travel dollars NOW before it becomes worthless.

<i>I'm with logos, that's why I'm spending all my travel dollars NOW before it becomes worthless.</i>

I would suggest hitching my wagon to someone that actually knows something about economics and the currency markets. He can call it keeping it simple all he wants, but that ain't for our benefit, it is simply because he doesn't have any credible theoretical basis for his prognostications.

My favorite was when he finally offered some &quot;evidence&quot; and it was..... a chart of currency movements! Fantastic logic! The dollar dropped year x, so it will surely drop in year y.

Reminded me of all of the day-traders back in the glory days of the internet bubble. They all had their system and they were all &quot;experts&quot; because they made money. Well, right now, every European is an &quot;expert&quot; it seems. We'll forget the thorny issue of burgeoning implied debts caused by aging populations and the promises made to them. We'll also forget that a strong Euro is not really in the interest of Germany and France, as they are more industrial countries than traditional strong-currency regimes, like Great Britain.

Well...things are starting to get better...maybe the economy will begin turning around.

After all it's only another 165 days until the moron who destroyed the economy is out of office.

&lt;&lt;I would suggest hitching my wagon to someone that actually knows something about economics and the currency markets.&gt;&gt;

Hmmm...I figure I'd better buy my bratwurst NOW before the price doubles up in dollars next year! &lt;):)

<i>After all it's only another 165 days until the moron who destroyed the economy is out of office.</i>

And, FWIW, the dollar has historically rebounded after a presidential election. The conventional wisdom is that there is an uncertainty discount in the months leading up to the election. I think it has a bit more to do with the fact that every new president promises tighter fiscal control than their predecessor, but either logic might explain the bump.

I have been watching this situation in Australia, where I am currently finishing up my 35th home exchange (I go to my 36th home exchange--also in Australia--tomorrow so I won't be home any time soon).

The US dollar is also doing better vis a vis the Australia dollar. I thought I saw the dollar at $1.51 euro. I don't expect the dollar to reach parity with the euro (remember those days?) again due to the huge debts America is running as a result of the Bush Administration's financing of the War in Iraq through loans from the Chinese rather than asking Americans to pay more taxes. That, combined with the fact that developed countries manufacture very little, is going to result in stronger currencies in places like China and India long term and weaker currencies in the developed world. How the dollar and euro will fare against each other is anyone's guess, but Europe manufactures almost nothing these days too.

I will tag along and say that I am happy the Dollar is improving - my trip is planned for December. It's as of this morning down to $1.50

This is nothing but good news!!!!

<i>This is nothing but good news!!!!</i>

Unless you are European...

<i>but Europe manufactures almost nothing these days too</i>, except for cars?

All of Europe manufactures nothing but cars ?:)

Is the dollar doing as well against the British and/or Egyptian pound? (We're leaving next Friday for Egypt, Madrid and London).

dmlove: The dollar had already rebounded a bit against Sterling. Sterling reached a peak in February, and is now well off that. Currently, the rates are similar to where they were near the beginning of last year. Nonetheless, even if the dollar were to gain 25%, London will still be expensive.

The dollar has actually slipped a bit against the Egyptian Pound, but I think you will still find it pretty cheap.

Honestly, I was just curious. We've already paid for our flights and hotels, so it's just our daily expenses (meals, sightseeing and metro/taxis) anyway. While it will be nice to save a few hundred dollars (overall, I think that'll be the difference), it won't make much of a dent in the cost of the trip!

Today the euro went below $1.50 for the first time in 5 months.

Thats good - but just checking into exchanging money before we leave and no matter how we work it we will be paying an additional 6% pushing it to 1.60.

Guess the ATMs are the only way to go. Have to call the bank and see if they charge exchange rates on ATM withdrawals. Everyone wants your money!!!!!!!!!!!!!

The dollar under 1.50 is good. Too weak a dollar is just as bad as too strong a dollar.

Plus, the stronger the dollar, the more I can buy when I go to Europe.

:)

Josh for the good old days when it cost 90 cents US to get one Euro. Then God forbid it went to $1.20 and I thought our traveling days were over.
Here is it at $1.50 and we think we are looking good and planning to leave in 6 weeks again.
Still hoping it goes lower.

But American is talking about whether they have to help the Georgians fight the Russians. Oh boy, here we go again.

America is talking ?

Who is America?

The Russians are attacking
Georgia because there is access to the Caspian Sea, under which is the largest pool of oil yet untapped - the same reason the moron and darth vader want to attack Iran which also has entre to the Caspian....what is it ever over but OIL.

I wish they'd hurry up with the alternatives - for instance Florida is perfect for sugar cane growing - making gasoline and other usablr energy like Brazil - but is anybody pushing it or putting bills through Congress to help support such a move? No. Why - cause big AG is growing corn for ethanol which is even more expensive than gasoline....and has caused the price of food to go up - everything we eat has corn syrup in it, the feed for animals has corn in it, and so on and so on. These lobbies which have taken over congress and even write the bills...or maybe I should rephrase - congress on the take- have destroyed this economy and the country.

Rant over.

Right now - as usual - it is the media talking about American interests in Georgia.

If it is about oil - why the h are we paying over $4 a gallon for gas?

If America is going to war over oil, why aren't we flooded with oil rather than Iraq sitting with billions of dollars now from their oil.