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-   -   WOW -Euro down 10 cents in a week (https://www.fodors.com/community/europe/wow-euro-down-10-cents-in-a-week-411698/)

Mahya2 Aug 11th, 2008 03:48 PM

WOW -Euro down 10 cents in a week
 
We all should have booked in October instead of September - 1 Euro might equal $1 US by then !

FainaAgain Aug 11th, 2008 03:55 PM

1 Euro = $1.49 today

hooray :) =D>

Challiman Aug 11th, 2008 04:10 PM

I booked flights and a hotel in Rome for March 09 today. Hard to know whether to buy now or wait, but I feel better booking ahead and having something great to look forward to at the end of winter! An important thing here in the Midwest of the US.

MomDDTravel Aug 11th, 2008 04:14 PM

wow..that is great Faina! I hope it keeps going that way. Sort of bummed I paid for my apartments when it was SO high. I was afraid it would just keep climbing!

Mahya2 Aug 11th, 2008 06:09 PM

$1.48 at 10 PM

but I'm concerned that Russia's actions will start oil prices going up again,(out of fear of interruption of Russian oil flow) and then our dollar goes down.

TDudette Aug 11th, 2008 06:29 PM

Can't we put our heads together and invent a car run by hot air?? Har har!!
;o)

TDudette Aug 11th, 2008 06:33 PM

Meant to make that a smiley face.

But really, speculators can't drive up prices if we deprive them of the need for petroleum.
Ban plastic and let Congress know that business as usual is not acceptable.

bettyk Aug 11th, 2008 06:37 PM

And how do you plan to fly to Europe? With plastic wings?

Robespierre Aug 11th, 2008 06:47 PM

I think you hurt yourself with that last knee-jerk.

Don't be so tedious, okay?

xyz123 Aug 11th, 2008 06:54 PM

...and Canadian $ from near par is down to 93 and Aussie $ from very near par is down to 88

GBP hovering down around $1.90

But according to the New York Times, unfortunately, this is expected to be temporary.

bettyk Aug 11th, 2008 07:54 PM

Robes, I'm sorry, but I don't give a flying fig what you think. I think I asked a reasonable question considering what the poster said.

And speaking of tedious, get off my back.

Robespierre Aug 11th, 2008 08:48 PM

You think it was reasonable.

I think it was nasty.

To each its own.

Robert2533 Aug 11th, 2008 09:17 PM

When did the NY Times become an authority on anything? The US Dollar is up because the demand for oil is down and the EU economy is suffering. Everyone we know in Europe is having a difficult time with the pressure from inflation eating into their stagnant incomes.

logos999 Aug 11th, 2008 10:10 PM

:-)
Take a look at JPY/AUD and NZD.
Fiat money looking for a better ROI.
EUR/AUD will take 1.75 in the next few days, before it'll turn. The USD is doomed, whatever people claim. There's far too much of the stuff been "generated" to make Americans have a better life (in the short run), but that was at the expense of the rest of the world.

Inflation is coming, the USD WILL crash, no doubt about that.

On an unrelated note, maybe wait a little longer before you buy "$ puts". :D

TDudette Aug 12th, 2008 03:59 AM

Maybe we should be lobbying for a national education program-anyone smart enough could go to college for free. Hopefully then someone could figure out a way to make fuel out of all of those out-of-date electronics and the unbiodegradable stuff in the land fills.

travelgourmet Aug 12th, 2008 04:11 AM

<i>Everyone we know in Europe is having a difficult time with the pressure from inflation eating into their stagnant incomes.</i>

Euro-zone inflation is up around 4%, which is certainly contributing to the dollar rebound. UK inflation hit 4.4% in July, and has been above targets for almost a year. Sterling, BTW, is near almost 2-year lows against the dollar. And it has been roughly 4 months since the USD hit its low against the Euro, and the dollar has recovered almost all of its 2008 losses.

There is also the too-long delayed realization that any economic slowdown in the US would spread to the rest of the world quickly enough. This both dampens demand for oil and means that Euro-zone investments are not, necessarily, a safe harbor. I think the run-up in the Euro currencies was always a little overdone and think this correction will end up sticking - at least until the next wave of hysteria leads to an outsized runup in the Dollar or Euro.

There will be bumps along the way, but I think any predictions of a wholesale collapse of the Dollar are nothing more than hot air. Speaking of which...

<i>Can't we put our heads together and invent a car run by hot air?? </i>

Don't laugh. I read an article just the other day about a company looking to use compressed air to power cars, in an attempt to get close to 100 mpg. A lot of technical hurdles (including being able to contain that much pressure), but your joke isn't that far-fetched.

Mahya2 Aug 12th, 2008 06:05 AM

Oops.

Arrow on Oil and Euro going up.

Last night Euro $1.48, this morning $1.49

TDudette Aug 12th, 2008 04:27 PM

Hey travelgourmet, is the compressed air car the one from an Indian company? My tongue was only partially in my cheek!

navgator Aug 12th, 2008 04:36 PM


The US dollar fell as a result of the week economy . Now that all this subprime crap is affecting other parts of the world , the affected countries currencies are falling against the US.
The US economy isn't any stronger, Its just that the other countries have become weeker in comparison.

Mahya2 Aug 12th, 2008 04:54 PM

Yep, Wall Street packaged and sold those bogus mortgage securities around the world. And their banks are writing off billions every quarter also.


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