Good News USD vs Euro
Nov 8th, 2005, 01:35 AM
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Good News USD vs Euro
The doom and gloom stories of the US dollar plumetting to the pits have stopped on the boards for good reason...
The euro has hit a 2 year low against the USD and the interbank rate is below $1.18 and close to $1.17.
Considering the original target for the euro was $1.17 it seems we're almost right back where we started from....
Can parity be far behind?
The euro has hit a 2 year low against the USD and the interbank rate is below $1.18 and close to $1.17.
Considering the original target for the euro was $1.17 it seems we're almost right back where we started from....
Can parity be far behind?
Nov 8th, 2005, 06:15 AM
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<<Looks like it might be wise to pay my next summer apt. rentals soon, however!>>
I'm sure you're aware, Patrick, of that old stock market adage...
Beware trying to catch a falling knife...
Best wishes,
Rex
I'm sure you're aware, Patrick, of that old stock market adage...
Beware trying to catch a falling knife...
Best wishes,
Rex
Nov 8th, 2005, 08:37 AM
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Good news for all of us...
Good news for US tourists for obviuous reasons
Good news for most Europeans as the euro has been overpriced anyway and will improve most European economies.
Good news for US tourists for obviuous reasons
Good news for most Europeans as the euro has been overpriced anyway and will improve most European economies.
Nov 8th, 2005, 08:41 AM
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>Good news for most Europeans as the euro has been overpriced anyway and will improve most European economies.
Corrected statement would be:
the USD has been and still is overpriced. The expensive € is a myth and far from reality.
Corrected statement would be:
the USD has been and still is overpriced. The expensive € is a myth and far from reality.
Nov 8th, 2005, 08:59 AM
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I seem to remember that last December the Euro was around $1.31. Then when we visited Europe in early June, it was about $1.21. So $1.11 sounds pretty good relatively speaking.
Anyone buying Euros now, for a trip in the next month or so?? Our daughter is leaving for study abroad semester in January, so I'll keep watching the rates and thinking about it...
Anyone buying Euros now, for a trip in the next month or so?? Our daughter is leaving for study abroad semester in January, so I'll keep watching the rates and thinking about it...
Nov 8th, 2005, 09:01 AM
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A simple excample.
-Everyday living in Munich is less expensive overall than living in most cities in the USA.
-Tens of thousands of US citizens come to visit Europe every year. They have the money to come and spend far more than most european tourists do. They stay in the most expensive hotels.
How can this be,if the € is overpriced?
-Everyday living in Munich is less expensive overall than living in most cities in the USA.
-Tens of thousands of US citizens come to visit Europe every year. They have the money to come and spend far more than most european tourists do. They stay in the most expensive hotels.
How can this be,if the € is overpriced?
Nov 8th, 2005, 09:11 AM
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degas, I've had some international stock investments for several years now in order to diversity. However, I don't have an international bond fund. That's just a little too much complication for me in my investing style, which tends to be fairly low risk. So, if I choose bonds for stability for a portion of my investments, I don't want to add in currency fluctuation considerations to my investments (and as to whether to buy a hedged or nonhedged international bond fund).
I have most of my investments in Vanguaged and they don't have an international bond fund, anyway, although T Rowe Price does and I have my job's retirement contributions in that company, so I guess I could have one if I wanted.
I have most of my investments in Vanguaged and they don't have an international bond fund, anyway, although T Rowe Price does and I have my job's retirement contributions in that company, so I guess I could have one if I wanted.
Nov 8th, 2005, 09:25 AM
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I am looking forward to my trip to Europe starting next week!
http://richardab.typepad.com/iheartlondon/
http://richardab.typepad.com/iheartparis/
http://richardab.typepad.com/iheartlondon/
http://richardab.typepad.com/iheartparis/
Nov 9th, 2005, 12:13 PM
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http://finance.yahoo.com/q/bc?s=USDE...amp;q=l&c=
Although yesterday's (transient) high was higher than today's high... today's close is higher than yesterday's...
The knife continues to fall...
Although yesterday's (transient) high was higher than today's high... today's close is higher than yesterday's...
The knife continues to fall...
Nov 9th, 2005, 12:23 PM
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Christina: "I've had some international stock investments for several years now in order to diversity."
As far as I know, many international equity funds do not hedge against currency fluctuations.
I don't know about Vanguard specifically, but the ones I've looked at in Fidelity do not. Neither do some of the ETFs (Exchange-trade funds).
So if you think that you're "safer," you may want to think again. There's an implicit bet on the direction of currency when you buy into an international equity fund -- you're betting that the foreign currency will appreciate relative to USD.
That's my understanding, but perhaps I'll be proven wrong.
So I'm not sure if I understand the rest of your paragraph, that you're low risk and so don't want international bond founds.
As far as I know, many international equity funds do not hedge against currency fluctuations.
I don't know about Vanguard specifically, but the ones I've looked at in Fidelity do not. Neither do some of the ETFs (Exchange-trade funds).
So if you think that you're "safer," you may want to think again. There's an implicit bet on the direction of currency when you buy into an international equity fund -- you're betting that the foreign currency will appreciate relative to USD.
That's my understanding, but perhaps I'll be proven wrong.
So I'm not sure if I understand the rest of your paragraph, that you're low risk and so don't want international bond founds.
