1USD=1.247 Euro
Plunging to the weakest level since August 2012
Plunging to the weakest level since August 2012
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Make Europe Poor Again (MEPA) -
IMHO it's got further to go down. -
i do not complainComment
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Not really, the US Dollar has spiked up:
http://quotes.ino.com/charting/index...=&a=&w=&v=dmax
The Euro economic zone has very little inflation (bordering deflation). Euro zone prices and buying power within the Euro zone of domestically produced products are about the same. Euro zone imports will be effected and Euro zone import costs will rise, probably returning inflation to the 2% levels that the ECB would prefer.
So, it isn't a crash but a correction -- the Euro being worth less than a dollar would be a crash.
The Russian Ruble is a better example of a crash: http://quotes.ino.com/charting/?s=CME_6R.X14.ELast edited by Barry-xlovecam; 11-02-2014, 06:09 PM.Comment
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Should be one to one anyway.Comment
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You should see the Japanese YenComment
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I really doubt this dollar strength is gonna stay for long. It is bad for US exports but since the US doesn't export much, that's no major issue.
The main issue is that the US has an inflation target of above 2% and currently has a strong leaning toward deflation. So hence if you have a strong dollar, you have weaker inflation so the FED will be aiming to weaking the dollar and get inflation higher. They must secretly know about QE4 (its already been hinted at) so I guess it must be coming within a year or so but even if it doesn't, we will not see higher rates for many years.
You can't fight the FED.Comment
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SO looking forward to the £ going way down.Comment
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The Yen has been totally pummelled because of the QE over there........ sooner or later theyre gonna hyperinflate.
Anyone know if property is getting a lot cheaper in Tokyo in USD terms?
Or is the QE in fact causing compensatory asset price inflation?Comment
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Bidless Euro Crashes To Level Not Seen Since March 2006Pharma from True-Meds. High converting shop in Europe and USA, fast payouts via BTC !!!
Make Europe Poor Again (MEPA)Comment
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just looked - 1.19 - that is fantastic
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i hope that it will stay like that longerComment
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right now we earn about 50% more on $1000 than in 2008Comment
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Good. I'm about to travel there.Comment
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today update - 1.16
Pharma from True-Meds. High converting shop in Europe and USA, fast payouts via BTC !!!
Make Europe Poor Again (MEPA)Comment
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A cartoonist drew this picture of me, just today:
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How does it affect them? Both derive revenues from oil which is priced in USD. As for EUR/RUB cross trade, well the Ruble is massively lower already.
This is just another step in the currency wars, however the ECB has been experiencing deflation and is now set to announce massive QE which is why the swiss cut ties yesterday. And money is flooding into all the safe havens and partly because its aware that the Euro is going to fall a lot further when that happens. There's also a small risk of the USD doing QE4 this year or next year to help go into line with japan and euro zone, because dollar is too strong and because critics say the talk of raising rates is basically just a ruse to make it look like the economy is stronger than it really is. A lot of people are once again talking about EUR/USD parity which, this time, could actually happen.
If I were you, i'd keep hold of your USD and/or have a small diversification (10% - 20%) into a non-government form of money like gold and silver.Comment
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Oil dropping fast.Comment
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What to do... change all in eur or keep in usd Fuck
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my deposit is in US$ so that's good.Comment
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It's not the EUR going down, it's the USD going up, on the coat tails of the dropping price of oil.Whitehat is for chumps
If you don't do it, somebody else will - true story!Comment
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1 Euro equals
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