There seem to be some benefits of the weakening Euro. May be quantitative easing is effective after all.
Weak euro to help European companies, force U.S. rivals to adapt
http://www.reuters.com/article/2015/03/13/us-euro-companies-idUSKBN0M91X120150313
The euro's slide toward parity with the dollar will provide a much-needed boost for European companies this year and force U.S. rivals to adapt their businesses or risk losing market share.
While currency hedging arrangements mean the benefits may not be seen straight away, the currency's weakness has already cheered European chief executives by making their products cheaper overseas and lifting the value of dollar-based sales.
“We have been handicapped by the strength of the euro, but now it seems that the wind is turning and we intend to make the most of this very positive currency effect that will help us deliver a nice increase of our sales and our profits in 2015,” Jean-Paul Agon, CEO of French cosmetics group L'Oreal (OREP.PA) told investors last month.
Topic: EUR might drop below USD - page 12. (Read 33632 times)
Never took this too seriously, until a checked a few days ago the prices of EUR/USD. I never thought the US $ would come up so strong.
In the meanwhile our local currency gets weaker against everything.
In the meanwhile our local currency gets weaker against everything.
Some people say the the euro is going to $0.85, but who knows it might go below $0.5.
As someone who lives in Europe I think this is bad for the economy.
As someone who lives in Europe I think this is bad for the economy.
Seeing the progress it has made for the past few weeks, I think it is just a matter of time. I can imagine at one point few years ago that it was something like 1.6 at its peak and now it's only 1.08, that's more than 30% drop. Also I don't think quantitative easing will help. Printing more fiat in the name of stimulating the economy and dumping that randomly doesn't mean that it will end up with those people that's badly needs it.
EUR/USD Forecast Mar. 16-20
http://www.forexcrunch.com/category/forex-weekly-outlook/eur-usd-outlook/
http://www.forexcrunch.com/category/forex-weekly-outlook/eur-usd-outlook/
Printed USD can be sent out to pump up the petroleum price, Euro can not, it will just keep driving up the price of government and corporate bonds and other assets, assets bubble does not create more jobs and income, since in Europe about half of the people live in rented house, it will just raise the rent and reduce many people's spendable income
With the trilion that Dragi is going to print prepare for the initial entering price of the euro with the Dollar and that was
around 0.90 even less than this.
Euro is a well overvalued currency.
around 0.90 even less than this.
Euro is a well overvalued currency.
I also think it will go down a bit more, only not sure if it will dip below $1 level.
Here they keep saying a low valued Euro is great for our economy, but it doesn't feel like so.
The only good thing for me is when I convert my saved USD and convert it to EUR.
With the trilion that Dragi is going to print prepare for the initial entering price of the euro with the Dollar and that was
around 0.90 even less than this.
Euro is a well overvalued currency.
around 0.90 even less than this.
Euro is a well overvalued currency.
I am from EU and I can see some alarming increase in the price are going on. Not groceries and stuff like that but electronic hardware and general imported goods are expensive as ever. I wanted to buy new graphics card for my gaming PC and I check prices everyday and in past 2 weeks there were already two price increases of my preferable graphics card.
The ECB hopes to make local manufacturing competitive through currency depreciation. Definitely not a good thing for consumers.
Boosting prices of investments is not the only impact of quantitative easing.
At least the title does not say "Dollar might rise above the Euro", since they are semi-worthless pieces of paper racing their way to the bottom.
Long-term sure. But in the mean time a lot can happen.
In the meantime, the Euro fell below 1.05$, with the USDX finally hitting a 100 mark. Gold is showing resistance though, for the second day on end. It seems that many Europeans are abandoning euro and entering precious metals at the moment.
At least the title does not say "Dollar might rise above the Euro", since they are semi-worthless pieces of paper racing their way to the bottom.
Long-term sure. But in the mean time a lot can happen.
At least the title does not say "Dollar might rise above the Euro", since they are semi-worthless pieces of paper racing their way to the bottom.
I am from EU and I can see some alarming increase in the price are going on. Not groceries and stuff like that but electronic hardware and general imported goods are expensive as ever. I wanted to buy new graphics card for my gaming PC and I check prices everyday and in past 2 weeks there were already two price increases of my preferable graphics card.
ah ya, dollar much stronger now, it could happened anytime.
but bitcoin is always on the top lol.
but bitcoin is always on the top lol.
I sometimes trade fiat currencies against each other. It was a nice move today. I normally don't trade in the evenings because of it. Just have been playing EUR/USD all day and the chart was too easy not to trade.
EUR is bleeding out faster than I thought. It's like free btc.
That's what you get when you start giving it away for free. The Union threw its precious Euro into a number of black holes like Greece and Cyprus and now people are arguing that these countries would be prospering better without it. Soon Britain will be congratulating itself as GBP is doing great compared to EUR.what was the result of EUR donation to Greece? as far as I know it didn't help a bit and Greece is still living on the edge of extinction.
as to GBP exchange rate - Britain indeed did a good job keeping it's exchange rate above all else, they are not depending on EUR in any way and this is playing for them.
The result was Greek government spending the money on campaigns and raising salaries. Imagine your wife is a shopaholic and is in debt and you give money, what will happen?
In a way Britain still depends on EUR, because they gave money to the Union, even if these were GBP, which means the countries that owe something to the EU are also indirectly Britain's debtors.
A lot of the money given to Greece before the crisis was misspent. And there is a lot of corruption and tax evasion there. But the money used to bail out Greece after the crisis wasn't used to benefit Greece. It was given to the banks (mostly foreign) directly. So as he said it didn't help the Greek people. They now have to pay back the money that was not used to bail them out or improve their lives. And they don't have growth to get out of the debt.
EUR is bleeding out faster than I thought. It's like free btc.
That's what you get when you start giving it away for free. The Union threw its precious Euro into a number of black holes like Greece and Cyprus and now people are arguing that these countries would be prospering better without it. Soon Britain will be congratulating itself as GBP is doing great compared to EUR.what was the result of EUR donation to Greece? as far as I know it didn't help a bit and Greece is still living on the edge of extinction.
as to GBP exchange rate - Britain indeed did a good job keeping it's exchange rate above all else, they are not depending on EUR in any way and this is playing for them.
The result was Greek government spending the money on campaigns and raising salaries. Imagine your wife is a shopaholic and is in debt and you give her money, what will happen?
In a way Britain still depends on EUR, because they gave money to the Union, even if these were GBP, which means the countries that owe something to the EU are also indirectly Britain's debtors.
it's the euro that is dropping not the usd that is rising(or bot), i didn't follow to much, i'm right?
if it's the first, i'm no suprising, seeing the bad euro position that there is right now
if it's the first, i'm no suprising, seeing the bad euro position that there is right now
Not quite so, the U.S. dollar is actually rising, and not only against the euro, but against other major currencies too (British pound, Japanese yen, etc). As a yardstick, you can always check the price of gold (and other precious metals as well). Despite being highly manipulated, the gold price is about to break through long-term lows.
For layman there is no difference between a fictional and legitimate rise. It is not that you see the rise on the screen or hear about it in the news only, but at the same time aren't able to buy/sell currency at these rates, and, consequently, buy real goods cheaper if their price is denominated in the falling money with your dearer money.
it's the euro that is dropping not the usd that is rising(or bot), i didn't follow to much, i'm right?
if it's the first, i'm no suprising, seeing the bad euro position that there is right now
if it's the first, i'm no suprising, seeing the bad euro position that there is right now
Not quite so, the U.S. dollar is actually rising, and not only against the euro, but against other major currencies too (British pound, Japanese yen, etc). As a yardstick, you can always check the price of gold (and other precious metals as well). Despite being highly manipulated, the gold price is about to break through long-term lows.
it's the euro that is dropping not the usd that is rising(or bot), i didn't follow to much, i'm right?
if it's the first, i'm no suprising, seeing the bad euro position that there is right now
if it's the first, i'm no suprising, seeing the bad euro position that there is right now
Not quite so, the U.S. dollar is actually rising, and not only against the euro, but against other major currencies too (British pound, Japanese yen, etc). As a yardstick, you can always check the price of gold (and other precious metals as well). Despite being highly manipulated, the gold price is about to break through long-term lows.
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