funkmaster

... it's a weak country, with a weak leader and an even weaker currency. I am very much pissed at my american friends right now!!

... get that fucking thing down to $0,50 AU, thanks !!

LasseKongos

The different between EURO and DOLLARS is the highest ever today!

cluck

It's only going up my friend. It just broke out of a month long consolidation following the overall trend. Don't expect it to go below 0.78 for more than a moment at a time. The barrier's set there and with all that's going on with the US economy a major reversal isn't that feasable. Buy USD when it's close to 0.78 you can probably make a pretty good return as I'm pretty sure it's not gonna go below that support.

Don't blame me if there's a freak reversal though

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LasseKongos

SORRY

If you take a look at all the stats and shit you can´t say this. I think it has just started to roll down from the hill...

Groove

W

davidd

Have you seen the interest being paid on NZD and AUD in current accounts? Now look at what USD and CHF are paying.

That will answer your question.

The country is far from being weak.

-dd

cluck

Short term yes, but I don't think it's going to go below roughly .78. After it broke out of that flag last week it's kept moving too long to be a bull trap IMHO.

But then again stranger things have happened. Rule of thumb is the best trader is only right 40% of the time, he just makes more on good trades than he loses on bad ones

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Shok

Man the exchange rate sucked ass when i just went to UK last week.
It was like $1.89 to get 1 pound. And $1.45 to 1 Euro

funkmaster

... no <b>my country has the strongest army bullshit</b> in my threads please before iraq has been liberated.

loco12

The dollar fell to a 12 year low against the UK £ today. Forecasters are saying it will continue to freefall to 2 dollars to the pound, and remain there for the foreseeable future.

While it makes going on holday to the states very cheap, I get paid in the fucking worthless dollar and it pisses me off big time.

It really is time to start charging memberships in the euro, a much stronger currency.

What CC Processors can set me up so I can charge in euros?

LasseKongos

It nice to been paid in EUROS now

davidd

My post was about Australia (and New Zealand) having strong currencies paying REAL interest, why would I litter a post praising our friends down under with petty US bullshit.

I was referring to Australia, when I said the country is far from weak.

-dd

Groove

funkmaster was apparently saying the US is weak, but I
also read his post as saying Australia is weak...

an ambiguous post

funkmaster

... damn man you guys really confuse me tonight.

anyway, 12clicks just woke up ... I am out of here !!!

Ash@phpFX

yeah it sucks at the moment being paid in US$, it used to be worth a lot more than it is now

body

?uro should kick the $ as no:1 currency, USA is a third world nation LOL

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earnbigbucks

As long is it good for the US (and it is GOOD) the $ will keep going lower.

What does the US import? A few Japanese cars, European porn and nothing else.

For now this is good for the US and Im not sure if it is going to change with a possible democrat victory.

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davidd

I am by no means a US cheerleader, but your statement is flat wrong, long term.

Do you honestly think the EU will last?

I base all of my statements on modern history. Has Europe ever been able to get along for extended periods of time? I would suspect Ireland or Belgium to jump ship within 10 years. France will continue to try be the leading state, and push Germany's face in the dirt whenever possible. Germany will only accept restrictions on their ability to control their own economy for so long. Germany is Japan, and if the Euro hadn't been introduced, producing inflation, Germany would be down for the count right now - worse then they already are.

The whole thing is a disaster.

So will the Euro become the number one currency? Possibly, but not because it is any better than the USD, it just merely sucks less.

Buy gold.

-dd

Groove

Welcome to GFY you moron (or moronic GFY character)

More...

http://www.busrep.co.za/index.php?fS...ticleId=349455

davidd

The basis of his comment was correct. The US needs to really only import OIL. We have all the natural resources and man power to produce 100% of what we consume, if everyone bought American goods.

Unfortunately, to make shit loads of cash off of high margins we need to import goods made with substandard materials and produced by cheap labor. Just visit any local Wal Mart and you will see what I am talking about.

This country has gone from a manufacturing powerhouse to a service sector shit hole. The number of companies producing anything has fallen to almost nothing. The major labor unions forced the auto manufacturers to Canada, most clothing is no longer made in the Carolinas, shoes are no longer made in New England, computers and electronics are no longer produced in California, etc etc

-dd

johnbosh

the dollar must go up man

Groove

Huh???

earnbigbucks said:

When the reality is that the US is running an all time record (ie NEVER BEEN LARGER!!!) trade deficit. So the basis of his comments were definitely not correct.

Groove

Perhaps it was sarcasm?

earnbigbucks

lol, I see I cant be kidding here.

Seriously, what do you think about this?

http://heraldsun.news.com.au/common/...55E462,00.html

This guy knows a few things about currencies.

I think the $ will keep falling, like it or not.

Maybe the FED could do something.

But apparently they do not give a fuck.

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Groove

I am going to:



myself to sleep

sperbonzo

Maybe the reason why the FED hopefully WON'T do anything has something to do with the following... (from another thread)

http://news.bbc.co.uk/1/hi/business/3303549.stm

The dollar has hit a series of historic lows against just about every currency. But the reasons behind the falls are not obvious. BBC News Online explains.

How low has the dollar fallen?

It's breaking all sorts of records.

The pound is way out in front, and is currently at an 11-year high.

The euro boasts an all-time high, but it has only existed since 1999; elsewhere in Europe, the Swiss franc is at its strongest since 1996, and the Swedish krona and Norwegian kronor have hit post-1997 highs.

The yen, meanwhile, held in check by Japan's central bank, can only manage a 41-month high, touching levels last seen in late 2000.

The euro, the currency that everyone seems to be watching most closely, has now gained 16.5% against the dollar this year alone, and fully 45% since its historic low of 84 US cents in July 2001.

What's behind all this?

The US economy is pretty perky at the moment, growing by more than 8% at the last count.

But this has produced a curious effect.

As US growth outpaces the global average, its consumers pull in ever more imports, and the country needs to borrow to finance the trade and current-account deficits that result.

Globally, goods and services flow into the US, while cash flows out, producing a constant pressure on the value of the greenback.

US interest rates are at a 45-year low of 1%, scarcely a great lure for the international flows of capital that govern exchange rates.

And Washington's once-ironclad commitment to a strong dollar seems to have waned, perhaps because politicians realise that America stands to gain from having a weaker currency.

What have the effects been?

The value of the dollar plays an absolutely central role in the global economy.

Oddly perhaps, the US suffers least of all. Although its rampant consumers will find it harder to slake their thirst for imports, its companies will become far more competitive, reaping profits and boosting jobs.

Meanwhile exporters in Europe and Asia have found it harder to sell their products into the US market.

American tourists, the free-spending mainstay of many a European or Asian resort, will venture out in far smaller numbers this year.

International companies will suffer uncertainty and complicated book-keeping.

And because commodities such as metals and crops are traded in dollars, their prices may have to rise; gold and oil have both boomed as the dollar fell.

Is there an upside?

Not much of one.

Shopping in New York may be a more affordable option - although not necessarily, if you are planning to buy Japanese-made electronics or European toys.

More broadly, companies will find it cheaper to invest in the US.

Shares might be a worrying purchase for some right now, but a big corporate acquisition in the US could be reasonable value under the right conditions.

Can the dollar go much lower?

Most people seem to think so.

The general consensus is that the pressure on the dollar will persist: although the declining dollar has hit the headlines this week, the factors behind it are long-term, structural issues that are not going to go away.

In time, of course, Europe and Japan - the two main zones of slow economic growth - will pick up speed, and the imbalance between the US and the rest of the world could start to be corrected.

But that could take years.

In the meantime, the question must be whether rich countries will take action to prop up the dollar, as they did in 2000 in support of the euro.

Options this time around are limited, however: interest rates in Europe and especially Japan are unlikely to fall much further, and there does not generally seem to be the sort of global consensus needed to coordinate efforts.

The dollar seems likely to fall: betting just how far is one of the best ways imaginable to lose even more money.

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Xenophage

135 to the euro soon

strobi

time to spam my sig, euro sponser!

Theo

dah

funkmaster

... your are not trying to predict parity ($US:$AU), are you ??