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Post by me on Nov 8, 2005 10:44:37 GMT -5
news has it that the Euro is at a two year low against the US Dollar due to riots in France, Germany and Belgium.
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Post by LHR02 on Nov 8, 2005 11:53:03 GMT -5
How much have I been watching this!!! ;D
Just hoping it will either hold steady, or continue to fall.
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Post by jennifer on Nov 8, 2005 18:20:13 GMT -5
hum..should we buy?  |
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Post by WillTravel on Nov 8, 2005 18:32:39 GMT -5
I'd say no, because the Euro could drop further!
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Post by jennifer on Nov 8, 2005 20:24:11 GMT -5
Although i'm not thinking farther than my own selfish self, I sure hope so!
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Post by me on Nov 8, 2005 21:24:04 GMT -5
it's interesting that the ECB was set up to be the central bank most independent of pressure to set rates to favor any constituency. yet, they seem to have succumbed to interest group pressure to keep rates down in spite of what's happening at the Fed, across the Atlantic.
i fear this will lead to the kind of imbalances we see in the China - US trade relationship, where China's currency is also undervalued. this is not good for the global system. i fear it will lead to ever greater current accounts imbalances in transatlantic trade.
what's the status with UK trade? is the pound in the same state against the euro?
- d
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Post by stanncie on Nov 13, 2005 19:08:18 GMT -5
this is great news! maybe now i could convince myself to take another trip early next year, hehe |
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Post by LHR02 on Nov 13, 2005 19:45:47 GMT -5
According to Kim's conversion site it is today at $1.17 to the euro......but I am certain that I saw yesterday (Saturday) that it was just a hair above $1.16. Keep on dropping and watch me be buying! |
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Post by jennifer on Nov 13, 2005 21:59:42 GMT -5
hahahah me too i'm happy!
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Post by me on Nov 15, 2005 20:39:35 GMT -5
be advised, i'm *NOT* advocating speculation of any kind. but rumor has it that ECB (European Central Bank) plans to raise rates at the December meeting. depending how much they raise those rates, *if* they raise them, it'd either slow, stop, or reverse the Euro's fall. just don't want anyone to be caught without warning. - d Edit: well, i think i see the issue now. just read that net foreign investment in U.S. assets came to US$101.9 billion in September, a record.
no wonder the US$ is so strong despite the record current accounts deficit! Question: how long can this last?  |
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Post by jennifer on Nov 15, 2005 22:40:06 GMT -5
oh gosh! I have no money anyways, hahaha!
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Post by WillTravel on Nov 22, 2005 3:49:30 GMT -5
Jennifer, it is sort of frustrating for us Canadians who don't have a trip to go on right now. The pound is 2.02 to the CAD. Once when I went, it was almost 2.60, although it's been a bit better on later trips. The Euro is 1.38, and I've been on trips where it was 1.67 or maybe even worse.
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Post by jennifer on Nov 22, 2005 10:56:58 GMT -5
GRR I WANT MONEY!
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Post by LHR02 on Nov 23, 2005 12:43:18 GMT -5
Still $1.17 here in Lubeck this morning!
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Post by me on Dec 1, 2005 11:54:51 GMT -5
Eurobank raised rates ΒΌ% and the dollar *still* strengthened a bit! i don't know what to make of this.
is it really "buy the rumor, sell the fact?" my ForEx market ideas ideas don't seem to be working out.
one would think, as much as anti-Americanism seems to be on the rise, that traders would seize on a chance to dump US$. but, they're doing the opposite?!?
investors are obviously still bullish on America. or, maybe that anti-Americanism is just a bunch of bull?
- d
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