Quote:
Originally Posted by dready
Euro has been on a real roll for over a week now. Another big spike this morning too.
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Sure... some of this has little to do with the dollar in particular. There are probably currency rises in both the Euro and GBP on the way - one factor is raising interest rates based on strongish real estate markets and better than average numbers in other markets.
The effect of that on the dollar is prob not so good eg would be no surprise to see GBP at $2 in the foreseeable future - it's currently around $1.93 ish.
PS This is getting an excellent time for buying asset value with Euro and UK currency where the assets are priced in dollars.