US Dollar Rallies
 

For all the naysayers earlier in the month, when the euro reached $1.49 US please note that since then, the euro has declined to $1.408; as we say, nobody knows, now do we?

Good to hear.

makes me very happy.

There'll be a BRUTAL crash of the USD. Devastating for everybody. You'll lose whatever savings you have in $. Time be become informed about what's going on in the recent months / years.

http://research.stlouisfed.org/fred2/series/BASE

They don't even hide the facts, they publish them for everybody to see.

Everybody loves making predictions in most anythng...I knew logos' response would be forthcoming. I didn't put it up because I know this rally ill continue or won't continue but again to make the point that nobody knows.

Of course 21 May is coming and it might be all academic.l

Logos you have been predicting that for as long as I have been on Fodors :).

I predict a crash of the Euro is far more likely than a dollar crash. Especially given the Greeks and their troubles, and now the IMF problems.

I actually think it is the Euro falling, not the dollar rallying, but the result is the same.

"nobody knows,"

Of course we do. The Strauss Kahn "rape" is a frame up, paid for by US tourists.

If he's found guilty, the dollar soars. If he's let off, Americans will be able to afford to travel to Europe only if they're – well,Donald Trump let's say.

And he's got the time for it, too

The other currencies have gallen a tad also including sterling...CAD and AUD still overpriced....

flanneruk...do you really believe that? Or is this just of your provocative statements made periodically to try to infuriate others?

"Or is this just of your provocative statements"

So it's "provocative" to suggest an accused might be innocent, is it?

The dollar rose overnight - or rather the euro fell - because if Kahn - just about the only Frenchman the Germans trust - isn't in the negotiations the Euro gets into deeper doodoo. This charge has moved markets.

Where can you find up to date Euro info? I'm going to Italy for the first time in a month. Is it better to go ahead and pay for hotel now, or do I wait till we check out. Just wondering how to get the best bang for my buck!

"Where can you find up to date Euro info?"

just google "euro dollar"

"Where can you find info on what the rate will be in a month"

Nowhere. Anyone who says different is talking nonsense.

<i>So it's "provocative" to suggest an accused might be innocent, is it?</i>

No, it is provocative to allege an accused man is being framed. In general, I would say it is considered bad form to, effectively, accuse a woman of lying about sexual assault without any evidence that she is.

<i>I predict a crash of the Euro is far more likely than a dollar crash. Especially given the Greeks and their troubles, and now the IMF problems.</i>

Over the long-term, I think Europe has a lot of challenges, primarily related to an aging population, and I'm not sure that they are capable of addressing them. I simply do not see how they can support their welfare states, given the demographic trends, and any potential solution would probably put downward pressure the euro. Over the short-term, I don't think the Greek/Irish/Portuguese/Spanish issues should cause too much more concern than the relatively high US budget deficit.

travelgourmet, we are disagreeing on another post, but I agree with your comments here.

The reason that the euro is in a more precarious position (short-term) than the dollar is the prospect that any member of the single currency (and we're all looking at you, Greece), could decide to pull out. If the Greeks decide that they've taken all the bad medicine they can in the form of budget cuts, and want to, instead, ease their predicament by devaluing their currency, as many debtor nations do, then the only option to do that is to leave the euro. If and when that happens, we'll probably have a short term euro crash, followed by a lot of uncertainty as to just how far the euro will be unwould (all the way back to single nation currencies, or will the survivors be able to hold things together).

The dollar's problems are real, but they are not as immediate.

one base of support for a currency is interest rates. I don't foresee any interest rates hikes in US for a while. Geithner has publicly stated keeping a low interest rate policy.

>>the euro has declined to $1.408<<

Not today (the day of your post)
The Euro stands at $1.4218

That was what both the NY Times and xe.com said at the instant I posted this morning....euro recovered a tad today but who knows what tomorrow will bring or the day after.