Recent G7 Dubai Meeting.
Sep 30th, 2003 | 03:29 PM
#1
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Recent G7 Dubai Meeting.
Read something about this recently, which was just confirmed by the stockbroker down the hall. Their opinion seems to be that the US$ is overvalued (by as much as 20%) and needs to be adjusted over the next year or so.
Anyone else think this might be a good reason to buy euro today for a trip planned next year?
Anyone else think this might be a good reason to buy euro today for a trip planned next year?
Oct 1st, 2003 | 07:15 AM
#4
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Overvalued compared to the yen and euro, zippo. But to take the hit all at once would send economies further into the tank; hence the plan to phase it over the next 12 to 18 months.
Exactly the point, Jack. And a year from now, you might only get .66 euro with your $1.00.
Exactly the point, Jack. And a year from now, you might only get .66 euro with your $1.00.
Oct 1st, 2003 | 07:52 AM
#5
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A year is a long time. If you buy Euros now, you are speculating NOT only that the Dollar will fall, but that Euro will remain stable or gain in strength. Those are 2 big variables, in my opinion. Most of the reports I have heard recently are positive or positive looking for the US economy. That does not mean the dollar will climb in direct correllation, but it is a factor. There are always reasons to be pessimistic, also.
Oct 1st, 2003 | 08:14 AM
#6
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It's a gamble either way. No one can predict currency values a year ahead of time. If the experts think there is some sort of trend that will last over the next year, then perhaps there is. But there is no guarantee one way or the other.
Oct 1st, 2003 | 11:23 AM
#7
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And if you DO buy Euros..where will you get them? I assume in the US and that usually means some sort of sales commission that can add to the unfavorable exchange rate, or a poor exchange rate to begin with.
It would be a gamble that may or may not pay off and I doubt anyone who understands the various economic and political forces that can force currency values up and down is going to give you a "definite" yes or no on this one.
It would be a gamble that may or may not pay off and I doubt anyone who understands the various economic and political forces that can force currency values up and down is going to give you a "definite" yes or no on this one.
