Wow! The Euro is getting KILLED right now! Under $1.25 and dropping fast.....
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What's really interesting is how well the USD is holding up against the Canadian Dollar and obv above against the Euro. I'm not complaining as I live in Canada and get paid in USD but it does have to suck terribly for european webmasters that set costs are in euro and they are paid in USD.Comment
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when will the USD become the AMERO? zeitgeist? anyone?Comment
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Bank of Canada Cuts Lending Rate to 0.5%, Lowest Ever
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I read his posts as it sucks for Euros that their income is in US$ and their costs in US$.
Thats true but the € dropping is a good thing then. Since US$ is the currency of the business.
On the other hand it does suck for Euros that set costs are in € and the US$ is fluctuating.Truth TellerComment
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The US$ will drop again just like it always does.
The pound and the EURO are still much stronger than most other currencies.
and,
Remeber in april to about august when the canadian dollar was stronger than the US?Comment
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5min chart you usual trade chart?
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Even on an intraday basis you can see that as soon as the stock market picks up the dollar weakens as money flows back into the markets. When the stock market drops investors increase their cash position strengthening the dollar. If anything the Euro has resisted that downward pressure quite well.Last edited by Slappin Fish; 03-04-2009, 01:50 AM.Comment
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When we started up here the $ = 40 Czech krowns. OK it was high and normal was 33.
It dropped last year to $1 = 14 Czech krowns and no matter what the Government did it was always a bad rate.
Now it's $1 = 24 Czech krowns and we think it's great.
All you can do is cut your coat according to your cloth.Comment
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Very nicely saidWhen we started up here the $ = 40 Czech krowns. OK it was high and normal was 33.
It dropped last year to $1 = 14 Czech krowns and no matter what the Government did it was always a bad rate.
Now it's $1 = 24 Czech krowns and we think it's great.
All you can do is cut your coat according to your cloth.
But Crown was 29 to 1 eur like 1 week ago when i was there or?
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It's gone up a bit already today.
now at: 1EURO=1.257USD
So there you have it.
And if european webmasters are being paid in USD this is a good thing for them because they are now getting more for there money.
I'm in Canada at the moment, get paid in USD and I love it right now because the Canadian is weaker.
If it was the other way round it would suck!
It went down yesterday and already its gone upComment
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what say you marketsmart?
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I hope the euro drops back to around 75-80 cents and the pound to around $1.50-uno
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That is why i haven't gone back to the UK ross.-uno
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is time to buy euros. i will be stronger again in a year..
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