Falling Euro
 

$1.23 now which means it has lost almost 10 percent of its value against the dollar since December. What will be the bottom? $1.20 or lower?

As Ira would say, "I predict that the Euro will continue to drop until it begins to rise again." 8-)

I predict that this is just the beginning of a very long slide in the value of the Euro. Once the major shock of France and the Netherlands not supporting the EU constitution fades (and the corresponding 1¢ to 2¢ daily drop in value slows), the euro will slowly but methodically cross back under the 1:1 ratio. I say that within 2 years, we'll be looking at $1 = €1.10 or more. Remember, the European economy is a basket case, whereas that of the US is robust.

Let's revisit this thread in June 2007 and see how right I was. ;-)

It was $1.21 day before yesterday, so it seems to be see-sawing as of now.

I'm personally hoping that it continues a downward trend since I'm going to be in Italy in the fall. Some have suspected it will be back to $1.15 by mid-summer, just as it was summer of 2003. But, who knows for sure.

Hmmm... Shall we start a pool with a target and a date certain? Paying $1.22 - $1.23 U.S. per Euro still doesn't make it cheap, but the change of direction is welcome for those exchanging U.S. dollars for Euros. The future over the long haul is anyone's guess.

I have to admit that I feel pretty fortunate when here on nearby St. Maarten. The conversion has pretty much been 1 Euro to 1 Dollar since the Euro was introduced, give or take depending on how extravagant your purchase. However, I think we will start seeing it less and less. :( Perhaps the downward trend will keep it that way?

Hey, tdyls, would that be the market "basket case" of goods??? ;)

I just checked Oanda.com and it was listed as 1.2236. Here's hoping it drops even further before my trip to Paris in February!! :D