Will the Dollar continue getting stronger?

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  • GoodGuy
    So Fucking Banned
    • Aug 2003
    • 881

    #1

    Will the Dollar continue getting stronger?

    Looks like after the Katrina, the dollar is going back to normal

    What do you think will happen?

    Is it a good idea to sell euros and buy dollars?


  • beta-tester
    Rock 'n Roll Baby!
    • Sep 2004
    • 22562

    #2
    I am not sure about it... Here is still Euro stronger than Dollar
    The rate is: 1:1.23 (EUR:USD)

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    • Dalai lama
      Strength and Honor
      • Jul 2004
      • 16540

      #3
      Originally posted by beta-tester
      Here is still Euro stronger than Dollar
      The rate is: 1:1.23 (EUR:USD)
      Correct. And I dont think it willl change anytime soon.

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      • Jay_StandAhead
        Confirmed User
        • Jul 2002
        • 3103

        #4
        The CAD is making me cry lately...

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        • Nathan
          Confirmed User
          • Jul 2003
          • 3108

          #5
          Katrina -> Imports up in the US -> US needs to buy goods from outside -> Needs to exchange USD to other currency to do so -> USD will drop even more in the long run because of this

          Do not see how Katrina will help... but I am not really good at Macro-Economy so I might have misunderstood something...
          "Think about it a little more and you'll agree with me, because you're smart and I'm right."
          - Charlie Munger

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          • GoodGuy
            So Fucking Banned
            • Aug 2003
            • 881

            #6
            No experts here?

            Comment

            • seven
              Confirmed User
              • Apr 2002
              • 2697

              #7
              dunno where the hell you got that graph but dollar took another hit downwards since Katrina. DOLLAR KEEPS GETTING WEAKER NOT STRONGER. Use common sense Katrina hurt U.S. economy not help it.
              Toy Rev
              Rouge Web Design

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              • Nicky
                Too lazy to set a custom title
                • Mar 2003
                • 30071

                #8
                hope it gets stronger, that gives me more money here

                gfynicky @ gmail.com

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                • GoodGuy
                  So Fucking Banned
                  • Aug 2003
                  • 881

                  #9
                  Originally posted by seven
                  dunno where the hell you got that graph but dollar took another hit downwards since Katrina. DOLLAR KEEPS GETTING WEAKER NOT STRONGER. Use common sense Katrina hurt U.S. economy not help it.
                  If you check August 31, you will see the Euro went from 1.22 dollars per Euro to 1.25 D. per E., wich makes the dollar weaker...

                  Now, I was talking about the last 4 days...

                  From September 5th until today, the dollar started getting stronger again.

                  from 1.25 dollars per Euro to 1.24 and falling, wich makes the dollar stronger.

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                  • wildgirl
                    My Sig was too Big! :(
                    • May 2005
                    • 2554

                    #10
                    I think it will return back to normal and become stronger
                    My Best Money Maker:

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                    • Ninja Scripts
                      Confirmed User
                      • Jul 2005
                      • 1032

                      #11
                      Originally posted by GoodGuy
                      If you check August 31, you will see the Euro went from 1.22 dollars per Euro to 1.25 D. per E., wich makes the dollar weaker...

                      Now, I was talking about the last 4 days...

                      From September 5th until today, the dollar started getting stronger again.

                      from 1.25 dollars per Euro to 1.24 and falling, wich makes the dollar stronger.
                      You must have just started following these charts because the pair can easily move a cent in either direction hundreds of times a month and is by no means a trend yet.

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                      • dylan4U
                        Confirmed User
                        • Aug 2005
                        • 521

                        #12
                        No way. There is no reason

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                        • kmanrox
                          aka K-Man
                          • Oct 2001
                          • 29295

                          #13
                          it will gte a little stronger... until Osama hits again....
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                          • Marshal
                            Biz Dev and SEO
                            • Jun 2005
                            • 15227

                            #14
                            I don't think it is good idea to sell euro... This is the worthest thing you can own these days... ;)
                            ---
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                            • Paul Markham
                              Too old to care
                              • Jun 2001
                              • 52942

                              #15
                              The dollar at it's hight got 40 Czech Krowns, it was normally 35.

                              Today it's 23 and alawyes hovers around 22 to 24.

                              If you call that getting stronger then good for you.



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                              • GoodGuy
                                So Fucking Banned
                                • Aug 2003
                                • 881

                                #16
                                Originally posted by charly
                                The dollar at it's hight got 40 Czech Krowns, it was normally 35.

                                Today it's 23 and alawyes hovers around 22 to 24.

                                If you call that getting stronger then good for you.

                                I am comparing Euros and Dollars...

                                Comment

                                • Vitasoy
                                  GFY HALL OF FAME DAMMIT!!!
                                  • Oct 2003
                                  • 58202

                                  #17
                                  Originally posted by Jay[neX]
                                  The CAD is making me cry lately...
                                  It has gone to the shitter. Hovering at 1.15..


                                  [email protected]

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                                  • Rinaldo
                                    Confirmed User
                                    • Sep 2003
                                    • 5086

                                    #18
                                    Originally posted by seven
                                    dunno where the hell you got that graph but dollar took another hit downwards since Katrina. DOLLAR KEEPS GETTING WEAKER NOT STRONGER. Use common sense Katrina hurt U.S. economy not help it.

                                    How do you figure? DO you think we're going to contract out jobs to Japanese construction companies?
                                    We are going to keep that money internally, it's not going to take chinese sement to rebuild those roads/homes. It won't require Argentinian wood, we're going to make more money and jobs because of this disaster

                                    Cleaning duties and construction jobs will be all over the web and newspapers

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                                    • romeoboi
                                      Confirmed User
                                      • Aug 2003
                                      • 343

                                      #19
                                      sigh.... i remember when it was .98 euros to 1 dollar

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                                      • davidd
                                        Confirmed User
                                        • Jul 2003
                                        • 1076

                                        #20
                                        Originally posted by GoodGuy
                                        Looks like after the Katrina, the dollar is going back to normal

                                        What do you think will happen?

                                        Is it a good idea to sell euros and buy dollars?


                                        The dollar long term is fucked.

                                        I have been long anything but the dollar since 2000. Ride these little ups and downs, the big gains are coming.

                                        If you feel it is unpatriotic, then buy silver or gold.

                                        Check out the Asian currencies and the NZD AUD. The euro is rising merely because it sucks less than the dollar. The NZD and AUD pay a great interest rate, but be watchful of upcoming cuts.

                                        Comment

                                        • seven
                                          Confirmed User
                                          • Apr 2002
                                          • 2697

                                          #21
                                          Originally posted by Rinaldo
                                          How do you figure? DO you think we're going to contract out jobs to Japanese construction companies?
                                          We are going to keep that money internally, it's not going to take chinese sement to rebuild those roads/homes. It won't require Argentinian wood, we're going to make more money and jobs because of this disaster

                                          Cleaning duties and construction jobs will be all over the web and newspapers
                                          I'm guessing that's a sarcasm? either that or you're a die-hard repub
                                          Toy Rev
                                          Rouge Web Design

                                          Comment

                                          • mrthumbs
                                            salad tossing sig guy
                                            • Apr 2002
                                            • 11702

                                            #22
                                            The US economy is waiting for its final blow that puts it out of its misery.

                                            Shit will get nasty.

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