Falling Dollar

May 27th, 2003, 09:53 AM
  #41  
 
Join Date: Apr 2003
Posts: 91
Yep, it's pretty hard not to notice. I just got back from Dublin yesterday and am still in shell shock with how expensive everything was there. I never did understand how the exchange rate works, but, for a real practical example, yesterday morning I withdrew 60 euro in Ireland and this shows in my bank debits this morning as almost $73. I loved Dublin but it's going to have to be a lot less expensive before I am able to return and not worry about every meal, tour trip and hotel rate being a major expense.
Swan51 is offline  
Jun 3rd, 2003, 05:53 PM
  #42  
 
Join Date: Jan 2003
Posts: 1,815


And now...a soon-to-be rising dollar?

June 3, 2003: "Bush Said to Affirm Commitment to a Stronger Dollar Overseas"

http://www.nytimes.com/2003/06/03/in...al/03ECON.html

EVIAN-LES-BAINS, France, June 2. President Bush gave renewed assurances today that the United States had not deserted its strong-dollar policy, prompting expectations that the dollar may soon gain against the euro.
capo is offline  
Jul 13th, 2003, 05:19 PM
  #43  
 
Join Date: Jan 2003
Posts: 1,815


July 11, 2003: "Europe Holds Steady on Key Rate"

http://www.nytimes.com/2003/07/11/bu...ss/11EURO.html

FRANKFURT, July 10 ? The European Central Bank left its benchmark interest rate unchanged today, raising the possibility that the bank will not tinker with monetary policy until the man designated as its next president, Jean-Claude Trichet, takes the helm this fall.

The departing president, Wim Duisenberg, said a further cut in rates was not needed now as "monetary policy has made a significant contribution to improving the conditions for a recovery."

He expressed relief that the euro's rise against the dollar had slowed.
capo is offline  
Jul 14th, 2003, 05:00 AM
  #44  
ira
 
Join Date: Jan 2003
Posts: 74,334
Actually, the Euro has dropped from about $1.20 to $1.13.
ira is offline  
Jul 14th, 2003, 06:02 AM
  #45  
Intrepid
Guest
 
Posts: n/a
Please don't forget that the lower the dollar is against the Euro the cheaper it is for foreign investors to buy stocks and interests in American firms..and those people love the current situation...sometimes supply and demand, when allowed to work freely, are not pleasing but it depends on who you talk to.
 
Related Topics
Thread
Original Poster
Forum
Replies
Last Post
whitey
Europe
78
Jun 14th, 2005 07:16 AM
lucky03
Europe
12
Dec 8th, 2003 04:45 PM
KJH
Europe
14
May 28th, 2003 03:27 PM
Fred
Europe
7
Aug 10th, 2001 03:36 AM
Steve
Europe
5
Oct 5th, 2000 06:46 AM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On


Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy -

FODOR'S VIDEO

All times are GMT -8. The time now is 11:17 PM.