$1.56: another day, another historic low for the dollar

god damn...

Yeah, it's really fucked up for us European webmasters

I just hope the US gets better soon.

It is bad. Good for other countries to invest in the US though.

it really sucks

And you saw the oil? $110 insaneeee

I am a european webmaster , nothing is fucked for me

Sucks for the Europeans....sucks for the Canadians too.

At least on the bright side, buying traffic, content, hosting, etc in usd is cheaper.

-N

Sucks for everyone unfortunately.

its fucking scary.

Sucks for us Aussies too. Shit, just 5 -6 years ago I was doubling my money, now the Aussie dollar is almost on par with the U.S.D

"all your debts are belong to us" (RPC popular quote)

sucks for filipinos also, 2 years ago, $1 = 56 pesos, now $1 = 40 pesos

war war war!! .. we want another.

not only Euro webmasters, everyone is feeling it, except maybe Zimbabwe

I know I know, but your focus is Dutch surfers, will the sites have a English version in the future? My amount of Dutch language traffic is not going to cut it

if by investing, you mean start buying up companies, I agree

saw in Newsweek, some months ago, the yearly top rated countries to invest in, n°1 was Denmark

1 cent every day...USD you go girl!
The whole situation is pretty fucked up. The weak dollar is just a symptom of the crisis. I remeber the gold price at 330$. Now it's over 1000 bucks. People fear the upcoming crash.

Well it's fucked up for me and lot's of others. Good for you If you're ok

I had a chance to buy the Euro for 17 cents each.

new day, new historic low for the dollar: 1 euro = 1.57 dollar !!!!!!!!!!

1.60 by the end of the week?

this is getting ridiculous.....

its getting worse..

hope stuff in Wallmart becomes more expensive, real quick, maybe then the US people will go to the street with pitch forks

It was 0.85$ = 1 eur,when it started and it is 1.57 today btw,lol

ah, actually for canadians it got better today...pretty much par at closing, its crazy to think I am happy with that considering I used to get $1.56 lol

(Reuters) - The dollar's sharp slide to 13-year lows against the yen and fresh all-time lows versus the euro on Monday is stoking jitters about the possibility of joint central bank intervention to prop up the dollar.

"The speed of the slide in the dollar/yen is so rapid that U.S. action alone can no longer stop the dollar's downward trend," said Koichi Ogawa, chief portfolio manager at Daiwa SB Investment.

"The time is ripe for coordinated intervention by U.S., European and Japanese authorities."

Remarks on Monday by Japanese Finance Minister Fukushiro Nukaga also kept investors on their toes.

"We will cooperate with European and U.S. currency authorities and will monitor markets very carefully," Nukaga told reporters, adding that the latest moves in currency markets had been excessively volatile and that he would watch markets carefully.

Nukaga's comments gave a slight lift to the dollar, which last traded near 97 yen after earlier dropping by over 3 percent to a 13-year low of 95.77 yen on electronic trading platform EBS.

"His comments were different from usual so that led to some speculation about joint intervention," said Hiroshi Yoshida, a forex manager at Shinkin Central Bank.

Yoshida said, however, that while some traders thought coordinated intervention was a possibility, there weren't many who believed that the chances of such action were high.

The euro stood at $1.5843, after having trimmed some gains since earlier jumping 1.5 percent to $1.5905, the highest since the single European currency was launched in 1999.

The dollar plummeted against the yen and euro on investor fears that more financial institutions could become casualties in the widening U.S. financial crisis that led to JPMorgan Chase (JPM.N) acquiring investment bank Bear Stearns (BSC.N).

Shinkin Central Bank's Yoshida said that the impact of any intervention would likely increase if authorities were to buy dollars against both the yen and the euro.

Traders said the foreign exchange market was in a near state of panic, and some said coordinated dollar-buying intervention may conceivably happen as soon as markets in London open on Monday.

"Solo intervention by Japan seems difficult, but given this market turmoil, the US and Europe could move and conduct coordinated intervention in the currency market," said a senior options trader at a Japanese bank in Tokyo.

There was still some skepticism, however, about the likelihood for joint central bank intervention.

"The Fed's dollar position has been relaxed so far, and will most probably remain so," Benedikt Germanier, currency strategist at UBS said in a research note.

"Joint intervention seems also less likely as the ECB is busy managing inflation expectations," he said, adding that the last joint intervention had taken place in September 2000 to stem a decline in the euro.

In addition, Japanese authorities had "failed to draw a line in the sand," he said.

"The risk of an indifferent position will be a disorderly fall in the dollar accompanied by a further decline in U.S. equities and sharply rising yields. This would have very negative consequences on the real economy as well," Germanier added.

yeah, it is historic day

hmm my 1 euro - 1.70 us$ thread doesnt look that stupid anymore

we translated bananabrandy to spanish and more to come, you gotta diverse, I wish - like you asked - that vps did the same

what would be even better is if you couple it with Regional Billing (http://www.gofuckyourself.com/showthread.php?t=802049), you don't need to set the $1 = ?1, but ?1 = $1,30 would already easy the pain

This is aweful (thank you mr bush)

I even think to increase our membership!

today's historic low: $1.58 to the euro

climbed back a little the lest few hours, but still at 1.57

after a week of gaining a couple of points, it's in free fall again, almost reaching $1.58 again

I'm depressed because of the dollar.

So buy some porn and beat off

A good time to buy real estate in US..

The question is if this spiral will come to an end or if the beast was unleashed already.. FED could give us an answer, but that's not their style.

Maybe we'll get the answer in 30 years..