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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.

travelgourmet Aug 13th, 2008 02:53 AM

<i>Hey travelgourmet, is the compressed air car the one from an Indian company?</i>

I don't remember who was developing it, but the article mentioned that it was receiving strong interest in India.

afterall Aug 13th, 2008 04:00 AM

It's a bit rich to find Americans commenting on the ups and downs of the dollar against the Euro and generally having a whinge.

Why are currencies all over the place? Why are we all suffering with higher interest rates for our home repayments?

Answer? - because the US is a &quot;free market economy&quot; with no checks and balances. With corruption and bad management everywhere you look.

I would ask you to remember that it is your crap systems that have triggered the global crisis.

bdjtbenson Aug 13th, 2008 06:37 AM

Ten cents in a week. That means I can plan my free trip to Europe in only 15 more weeks.

Mahya2 Aug 13th, 2008 06:52 AM

Afterall

&quot;I would ask you to remember that it is your crap systems that have triggered the global crisis.&quot;

And I would ask you to remember that the American people as well as the people of every country in the world are the victims in this matter of the multi-national corporations and the WTO and the worldwide conglomeration of bankers called in this country the Federal Reserve whose purpose is to return the people to serfdom who are to blame.

When you say &quot; YOU&quot; dont point it at the people -

logos999 Aug 13th, 2008 08:00 AM

Would somebody please post a chart of M3 and M2 and explain the implications to the fodorites. Is a correct chart even available. You're going downhill much faster than it took to climb.

American consumers are guilty, because they don't save any money and live on credit. YES, they do! The FED is guilty of poviding easy money. Still some folks talk crap about how different employment rates would still matter...

The money is flowing all round the planet looking for a &quot;nice&quot; place to gain interest, it will find it's way into circulation.

30% more M3 this year? Or how much?

You don't even need to be moderately educated to see it'll crash. There's no alternative.

Well, who cares.

Mahya2 Aug 13th, 2008 08:21 AM

Well then buy gold and silver coins and be prepared for it all to crash. Silver only $14.75 and gold cheapest its been in months $825.30.

Oil going up $3.00 by the way as Russia continues to destroy parts of Georgia, their ships and people.

I thought he (Putin) agreed yesterday to a cease fire.

and GWB, the cowboy, sending Sec of defense Gates to Georgia to show solidarity as well as do nothing Rice.
Putin knows there is not enough American Army to fight on three fronts. And notice he attacks in the summer...probably couldn't get those warships into the Black Sea in the winter.


Mahya2 Aug 13th, 2008 08:31 AM

&quot;American consumers are guilty, because they don't save any money and live on credit. &quot;

Bull. Amerian consumers live on credit and cant save because the good paying jobs and manufacturing as well as white collar jobs now, have been outsourced to other countries , thank you WTO and G-8, while the government allows illegal aliens to take labor jobs.

Yep, the Fed is printing money devaluing the dollar, the same way Germans had to take a wheelbarrow full of paper marks to the grocery store to buy a loaf of bread, because of their Third Reich govt. Sure it was all the German people's fault cause they didnt save money.(sarcasm)

Anyone with any sense would know how ridiculous those statements are.

Christina Aug 13th, 2008 08:39 AM

nonsense, Americans don't live on credit and not save because Indians are doing customer service calls. Most white-collar jobs are not outsourced, although I know a few that might be called that which were, but they were really engineering and programming jobs for a big multinational. It's mainly manufacturing jobs, and some people need to learn new skills or get some education, the world changes. Americans love cheap stuff, they go in droves to Walmart, etc., to buy it.

Americans live on credit and don't save because they are a very consumer-oriented society, and the values in the country support that behavior, for the most part. I saved money when I was working at minumum wage because I don't believe in debt or buying stuff I don't need, and I don't buy fast food or stuff like that.

logos999 Aug 13th, 2008 08:42 AM

Some education (maybe history) does indeed help when making some statements. :D

Mahya2 Aug 13th, 2008 09:27 AM

&quot;It's mainly manufacturing jobs, and some people need to learn new skills or get some education, the world changes.&quot;

Wrong.

IT jobs, your xrays and cat scans are being read in India instead of by a radiologist in the US, executive jobs are being outsourced, and executive jobs not being outsourced are having insourcing. A little googling might be informative. The news is there.

Learn new skills ? Men in their 40's , 50's and 60's who were executives earning high 5 and 6 figure salaries are learning new skills. They are learning to flip hamburgers at McDonals etc after years of trying to find jobs at their level with no result.

logos999 Aug 13th, 2008 09:33 AM

You're not older than 16 years, so how would you know. :D

The answer to you &quot;Bull&quot; statment is M2+M3.

And no Germans didn't need wheelbarrels they were simply looting in other countries almost like others do today by &quot;printing&quot; money. The bad times came later.


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