Euro currency going down | Bitcointalksearch.org

pooya87

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Quote from: justdimin on August 04, 2022, 03:18:34 PM

So, if we are saying that euro is impacted because of the war, it actually means every single fiat was impacted because of it and will continue to do so for a long time.

It was fiat of those countries that heavily depend on energy imports or have their economy interconnected with countries that do. For example Germany depends heavily on cheap gas imports, so they are affected the most. Some countries in EU that don't depend on such imports as much are also affected because of the correlation. US economy is also affected because of correlation and the fact that US dollar's value (seen in US high inflation these days) is affected as some countries dumped it as trade/reserve currency.

This impact on countries decreases the more the country is independent specially about energy.
A good example is Russian Ruble that keeps going up.

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Quote from: TheNineClub on August 02, 2022, 11:21:59 AM

I mean sure it went down, there is a looming threat of war on the continent and major changes are under way regarding the energy sector, so with that much turmoil, it definatelly had an impact. So nothing out of the unexpected here. How EU handles the energy crisis will have a major factor in how it's curency behaves in the future.

It's not really a "threat" of war, Ukraine is in Europe and the whole fight is about keeping the parts where Russians live mostly, so that Russia could have a buffer zone with Europe in between them with a brand-new Ukrainian territory under their name.

We are not going to just get this war in the Europe, we are actually having it all around the world, how? The gas prices jacked up because of this and the people in the USA are getting screwed about it, let alone people in poorer nations. So, if we are saying that euro is impacted because of the war, it actually means every single fiat was impacted because of it and will continue to do so for a long time.

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Quote from: pooya87 on August 01, 2022, 09:11:15 AM

If I had to guess, I'd say there is a 70% chance of invasion.
The analysts I follow believe that there is a 100% chance of invasion but they think it could happen when it gets colder to see what happens to EU with an energy crisis and soaring prices.

Things are becoming more tense than ever, Nancy Pelosi's surprise visit will be the trigger for the upcoming battle. If it happens, I will not hesitate to say that the Americans are once again the ones who started the war.

Quote from: pooya87 on August 03, 2022, 01:07:07 AM

What EU needs is independence. For example imagine what the world would have looked like if EU as part of NATO accepted the Russian concerns about their expansion eastward and stopped escalating despite what US demanded of them. We would not have seen Ukraine invasion in first place and EU economy wouldn't have been in this situation for euro to even collapse!

Stopping dependence on the US is what the EU needs, but I can't imagine that happening and the US will never let that happen. The war of Russia and Ukraine made the EU region more dependent and the US succeeded once again.

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Quote from: Abiky on August 02, 2022, 07:31:13 PM

The EU needs a strong monetary policy in order to prevent the EUR currency from collapsing.

What EU needs is independence. For example imagine what the world would have looked like if EU as part of NATO accepted the Russian concerns about their expansion eastward and stopped escalating despite what US demanded of them. We would not have seen Ukraine invasion in first place and EU economy wouldn't have been in this situation for euro to even collapse!

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The growing energy crisis as a result of the Russian-Ukrainian war has brought about many major economic changes, especially in Europe. As a result of European dependence on Russian gas, Europe has caused many problems and the depreciation of the euro. Winter is coming strongly, and Europe needs more Russian gas to heat and operate factories, so they will find themselves forced to reach To resolve with Russia to save themselves.

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Quote from: pooya87 on July 31, 2022, 10:42:42 PM

The tensions are rising back up again with US-China face off close to Taiwan these past days and Russia cutting off gas to Latvia and on top of that with NATO military drills in Russian neighborhood and a couple more cases.
During all this, interestingly enough Russian Ruble keeps going up against USD!

We have to see where all these new tensions are going to lead to and whether we are going to see a member of NATO being threatened because if it does Euro could tank hard.

Things don't look bright for EU and the rest of the world. Another war would further plunge the value of EUR as we speak. The US Dollar could also be affected as inflation grows to a point where it's uncontrollable by the FED. Everything has gone downhill after the COVID-19 pandemic took the world by storm around 3 years ago. Whenever or not there will be a light at the end of the tunnel, it's yet to be seen. The EU needs a strong monetary policy in order to prevent the EUR currency from collapsing. It's leadership is weak, so don't expect the EUR to recover in the time-being. Who knows what the future holds for the Union? Just my opinion

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I mean sure it went down, there is a looming threat of war on the continent and major changes are under way regarding the energy sector, so with that much turmoil, it definatelly had an impact. So nothing out of the unexpected here. How EU handles the energy crisis will have a major factor in how it's curency behaves in the future.

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Quote from: Smack That Ace on August 01, 2022, 08:48:28 AM

I don't think Putin will cut gas completely, they will stay at the current 20% or maybe a little lower. The gas cuts will not benefit Russia, they will lose some revenue and will have nothing left against the EU. Winter is coming and it is becoming increasingly impossible to fill gas storage in the EU. Russia is succeeding in dividing the EU.

They surely will not cut gas, if they did that then the problem with the sanctions will come back all over again. Think about it, the only reason they came out of this alive in the first place was the fact that all of the Russians that could take their money out managed to do that and they are still making tens of billions of dollars in profit.

If they stop doing that today, then they are going to end up regretting what they are doing and they will go back to financial crisis all over again. In a world where everyone is having financial trouble, they had one way out, which blocks them from a lot of freedom, but having financial freedom at least.

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Quote from: pooya87 on August 01, 2022, 09:11:15 AM

If I had to guess, I'd say there is a 70% chance of invasion.
The analysts I follow believe that there is a 100% chance of invasion but they think it could happen when it gets colder to see what happens to EU with an energy crisis and soaring prices.

Time and again there comes the situation which are unpredictable.
European union has ruined their economy and also they have created so much problems for the world but putting so many sections on the Russia - now everyone is bad situation.

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Quote from: Smack That Ace on August 01, 2022, 08:48:28 AM

Which EU country are you referring to?

There are some tensions between Russia and the latest members and members to-be of NATO. Namely Lithuania, Latvia, Finland and Sweden. Thankfully, so far the tensions are not of a military nature. It just targets their economy.

Quote

Do you think there will be a war between China and Taiwan. China has stated and pointed directly at the US on the Taiwan issue and I think China is seriously considering the use of force to unify Taiwan.

It is hard to predict.

I thought the tensions there were going down but unfortunately US increased the tensions again.
What we know is that China is not going to accept Taiwan's independence and they will definitely not accept US presence in Taiwan (remember Cuban missile crisis?).
China is also ready for a full scale invasion as they have both warned and ran many simulations and military drills exercising it.
They are also going to run another drill with live rounds in about a hundred kilometers from Taiwan as that US politician visits Taiwan!

Chinese move towards Solomon Islands is also another indication that they are planning for war as this place is very good strategic place. Same role it had in WWII (both sides lost thousands of troops fighting over these islands).

If I had to guess, I'd say there is a 70% chance of invasion.
The analysts I follow believe that there is a 100% chance of invasion but they think it could happen when it gets colder to see what happens to EU with an energy crisis and soaring prices.

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Quote from: Abiky on July 31, 2022, 07:55:03 PM

Quote from: Marvell1 on July 26, 2022, 11:38:54 PM

Gas supplies are dwindling, if Russia really cuts off supplies completely then I think Europe will be in a recession quickly. Russia may have been preparing for this war for decades, and Europe has been too dismissive of Russia when it comes to sanctions. Russian gas and oil revenues have tripled from pre-war levels, which the US and EU have miscalculated.

The war not only pushed the European economy into crisis but also caused division within the EU, so I still believe that the euro will fall even further in the near future. It doesn't stop here.

Europe will be doomed if Russia cuts off gas supplies for good. The EUR will have a hard time rising back to its former glory if this happens. European countries need to act fast by finding an alternative solution to the gas/energy problem. Importing such resources from other countries would be the ideal strategy for the EU's long-term survival. The US won't have any problems since its dependency on Russia's natural resources are pretty low. Even with inflation, the US Dollar is still the reserve currency of the world. Things aren't looking very bright with the Russia-Ukraine war these days, so we should expect the EUR to remain at its lowest in the time-being. Just my opinion

I don't think Putin will cut gas completely, they will stay at the current 20% or maybe a little lower. The gas cuts will not benefit Russia, they will lose some revenue and will have nothing left against the EU. Winter is coming and it is becoming increasingly impossible to fill gas storage in the EU. Russia is succeeding in dividing the EU.

Quote from: pooya87 on July 31, 2022, 10:42:42 PM

The tensions are rising back up again with US-China face off close to Taiwan these past days and Russia cutting off gas to Latvia and on top of that with NATO military drills in Russian neighborhood and a couple more cases.
During all this, interestingly enough Russian Ruble keeps going up against USD!

We have to see where all these new tensions are going to lead to and whether we are going to see a member of NATO being threatened because if it does Euro could tank hard.

Quote

'Play with fire and you will get burned'

Which EU country are you referring to? Do you think there will be a war between China and Taiwan. China has stated and pointed directly at the US on the Taiwan issue and I think China is seriously considering the use of force to unify Taiwan.

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Quote from: 325btc on July 09, 2022, 06:11:28 AM

There is no demand for eur currency eurpe dont produce anything to export out of eu.
The biggest winners are those who sell things like russia and also norway since russia is out of the game the norway will take whole eu market so expect NOK to going parabolic bull run against eur currency the world will be full of unwanted eur currency so value of euro going down since everybody want to exchange their euros to get other currencies.
Off course winners are those who produce something and do a lot exports off course not goods but energy such us gas and electricity.

This is what is called expertise in making new breakthroughs, it is not an easy matter to break a certain currency and then make a profit by selling it, especially with regard to energy, this is the world's need for now, gas and electricity are things that must be met, this will break issues that developed in the past few weeks, if Russia and Norway are the winners, then this will be a new force for future development

pooya87

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The tensions are rising back up again with US-China face off close to Taiwan these past days and Russia cutting off gas to Latvia and on top of that with NATO military drills in Russian neighborhood and a couple more cases.
During all this, interestingly enough Russian Ruble keeps going up against USD!

We have to see where all these new tensions are going to lead to and whether we are going to see a member of NATO being threatened because if it does Euro could tank hard.

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Quote from: Marvell1 on July 26, 2022, 11:38:54 PM

Gas supplies are dwindling, if Russia really cuts off supplies completely then I think Europe will be in a recession quickly. Russia may have been preparing for this war for decades, and Europe has been too dismissive of Russia when it comes to sanctions. Russian gas and oil revenues have tripled from pre-war levels, which the US and EU have miscalculated.

The war not only pushed the European economy into crisis but also caused division within the EU, so I still believe that the euro will fall even further in the near future. It doesn't stop here.

Europe will be doomed if Russia cuts off gas supplies for good. The EUR will have a hard time rising back to its former glory if this happens. European countries need to act fast by finding an alternative solution to the gas/energy problem. Importing such resources from other countries would be the ideal strategy for the EU's long-term survival. The US won't have any problems since its dependency on Russia's natural resources are pretty low. Even with inflation, the US Dollar is still the reserve currency of the world. Things aren't looking very bright with the Russia-Ukraine war these days, so we should expect the EUR to remain at its lowest in the time-being. Just my opinion

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Quote from: Abiky on July 26, 2022, 07:26:30 PM

I guess sanctions really backfired, putting the rest of the world in peril while Russia grows bigger and stronger than ever.

The problem is that the Western bloc didn't just sanction Russia alone. They have been sanctioning a lot of countries and Russia was the last straw. Now the other bloc in the opposite side of the Western block (US+EU) is actually the majority in geography, population and economy. On top of that they control almost all the world's energy amongst themselves.

This is why it backfired. Otherwise if it were Russia alone, EU could have easily replaced all that energy with other sources and rescue their countries from falling apart.

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Quote from: Abiky on July 26, 2022, 07:26:30 PM

Quote from: cabron on July 11, 2022, 11:53:43 AM

The one that EU need the most is energy, they are all dependent to gas but they also wanted the world to stop extracting gas/fossil fuel. Actually its not just them, everywhere in the world needs gas to power up the cities.

Didn't they also printed EUROs last Covid? The problem with printing banknotes while your currency is not the reserve currency is that, its your country that is affected the most unlike with US printing USD is that every country suffers the inflation.

The EURO is weakening thanks to the COVID-19 pandemic and the on-going Russia-Ukraine conflict. Russia's decision to cut Europe from gas/energy supplies, will greatly undermine the region's economy. The US Dollar is still the world's reserve currency, anyways. For things to get back to normal, COVID-19 and the Russia-Ukraine crisis must disappear for good. Things don't look bright right now, so we should expect further declines in EUR's value.

Ironically, the Russian Ruble is back on its feet after sanctions imposed by Western countries and the EU. I guess sanctions really backfired, putting the rest of the world in peril while Russia grows bigger and stronger than ever. Let's see what will happen during the course of the year as the conflict between Russia and Ukraine intensifies. Just my opinion

Gas supplies are dwindling, if Russia really cuts off supplies completely then I think Europe will be in a recession quickly. Russia may have been preparing for this war for decades, and Europe has been too dismissive of Russia when it comes to sanctions. Russian gas and oil revenues have tripled from pre-war levels, which the US and EU have miscalculated.

The war not only pushed the European economy into crisis but also caused division within the EU, so I still believe that the euro will fall even further in the near future. It doesn't stop here.

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Quote from: cabron on July 11, 2022, 11:53:43 AM

The one that EU need the most is energy, they are all dependent to gas but they also wanted the world to stop extracting gas/fossil fuel. Actually its not just them, everywhere in the world needs gas to power up the cities.

Didn't they also printed EUROs last Covid? The problem with printing banknotes while your currency is not the reserve currency is that, its your country that is affected the most unlike with US printing USD is that every country suffers the inflation.

The EURO is weakening thanks to the COVID-19 pandemic and the on-going Russia-Ukraine conflict. Russia's decision to cut Europe from gas/energy supplies, will greatly undermine the region's economy. The US Dollar is still the world's reserve currency, anyways. For things to get back to normal, COVID-19 and the Russia-Ukraine crisis must disappear for good. Things don't look bright right now, so we should expect further declines in EUR's value.

Ironically, the Russian Ruble is back on its feet after sanctions imposed by Western countries and the EU. I guess sanctions really backfired, putting the rest of the world in peril while Russia grows bigger and stronger than ever. Let's see what will happen during the course of the year as the conflict between Russia and Ukraine intensifies. Just my opinion

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Quote from: Hydrogen on July 25, 2022, 06:45:07 PM

Europe tried to increase the value of its tech sector by imposing steep anti trust fines on google, microsoft and american big tech. The declining value of the euro would appear to imply this strategy is not working. Declining values of real estate in european nations would also seem to concur.

Europe lacks the high influx of engineering and science talent that america enjoys. Everyone wants a silicon valley megacorp on their job history. Europe has no brand name recognition or big dollar start up capital in emerging tech fields. It also doesn't have much in the way of raw materials, commodities or a manufacturing sector. In contrast to other emerging world economies, europe isn't taking the proper steps to be competitive or influential in global markets.

Germany build best luxury cars bmw mb audi porsche...you cant beat them with usa cars !!

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Europe tried to increase the value of its tech sector by imposing steep anti trust fines on google, microsoft and american big tech. The declining value of the euro would appear to imply this strategy is not working. Declining values of real estate in european nations would also seem to concur.

Europe lacks the high influx of engineering and science talent that america enjoys. Everyone wants a silicon valley megacorp on their job history. Europe has no brand name recognition or big dollar start up capital in emerging tech fields. It also doesn't have much in the way of raw materials, commodities or a manufacturing sector. In contrast to other emerging world economies, europe isn't taking the proper steps to be competitive or influential in global markets.

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Quote from: swogerino on July 23, 2022, 03:16:00 PM

Quote from: trendcoin on July 23, 2022, 12:41:43 PM

The rapid change between euro and dollar upsets the balance... Countries exporting products to Europe will receive low-value Euros. Then they will import raw materials with high-value dollars from the global market for the products they will manufacture. At this point they will experience an imbalance. They can fix this problem by rearranging their prices. However, those who cannot follow the rapid change closely will have some losses. As a result, we are talking about a temporary problem that could undermine production and prices. We can all be affected by this.

I am in a country where we receive payments with the local currencies with some exception for people like me who are here because of International companies and get paid in our preferred currency,most people here are greatly irritated because the prices are in EUR and EUR used to be much stronger than the local currency but now they are happy and are even blaming more the EUR to go further down to get our lost "financial freedom" they say.I also am someone who gets paid in USD and USD is my favorite currency so as long as USD does well I don't really care if EUR goes further down.EUR has really destroyed many EU economies,especially Italy which used to be a great country when they had the "Liretta" coin and after EUR screwed them up,then Greece and a couple of others.

So it depend from the point of view,for some EUR goes down bring losses for some other profit.

and they did that damage to themselves.
I have mentioned in so many forum before to take a neutral stance - the EU went far beyond to put sanctions on Russia and now the other countries are rushing to Russia for oil supply and EU is look here and there like a fool what to do next.

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Quote from: trendcoin on July 23, 2022, 12:41:43 PM

The rapid change between euro and dollar upsets the balance... Countries exporting products to Europe will receive low-value Euros. Then they will import raw materials with high-value dollars from the global market for the products they will manufacture. At this point they will experience an imbalance. They can fix this problem by rearranging their prices. However, those who cannot follow the rapid change closely will have some losses. As a result, we are talking about a temporary problem that could undermine production and prices. We can all be affected by this.

I am in a country where we receive payments with the local currencies with some exception for people like me who are here because of International companies and get paid in our preferred currency,most people here are greatly irritated because the prices are in EUR and EUR used to be much stronger than the local currency but now they are happy and are even blaming more the EUR to go further down to get our lost "financial freedom" they say.I also am someone who gets paid in USD and USD is my favorite currency so as long as USD does well I don't really care if EUR goes further down.EUR has really destroyed many EU economies,especially Italy which used to be a great country when they had the "Liretta" coin and after EUR screwed them up,then Greece and a couple of others.

So it depend from the point of view,for some EUR goes down bring losses for some other profit.

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The rapid change between euro and dollar upsets the balance... Countries exporting products to Europe will receive low-value Euros. Then they will import raw materials with high-value dollars from the global market for the products they will manufacture. At this point they will experience an imbalance. They can fix this problem by rearranging their prices. However, those who cannot follow the rapid change closely will have some losses. As a result, we are talking about a temporary problem that could undermine production and prices. We can all be affected by this.

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The one that EU need the most is energy, they are all dependent to gas but they also wanted the world to stop extracting gas/fossil fuel. Actually its not just them, everywhere in the world needs gas to power up the cities.

Didn't they also printed EUROs last Covid? The problem with printing banknotes while your currency is not the reserve currency is that, its your country that is affected the most unlike with US printing USD is that every country suffers the inflation.

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The same here in the Philippines. We're in a worst position now in 17 years as it closes to as much as 56 PHP = $1.00. I don't know how long will this last as the crisis in Russia-Ukraine isn't stopping anytime soon.

We are all affected here, so you guys aren't alone. I fear that if this continues, the value would possibly worsen than expected.

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The dollar is becoming far too close to the euro and at the end of the day it might not be the local strongest in the Europe as well, at the same time one might understand the fact that Europe is now in a state of war which means that the value would go down more, at the same time they are exporting aid to Ukraine, they have to do ofcourse if they don't they might also fall in the hands of crazy Russian government or I should say Dictatorship now. The rise and fall of the currency is not something new but I expect them to have a massive growth 📈 after the war has ended as well.

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Quote from: davis196 on July 11, 2022, 05:43:51 AM

This sounds far-fetched. Germany alone exports goods for about 1.37 trillion euro annually. The European Union exports a lot of goods and services, but it imports a lot of goods and services as well. The trade balance is what's important.

I love the narrative of some, everything is made in China....well, no!
Europe alone exports more than China, just Germany, Netherland and Italy export the same as China does, out of the biggest 10 exports 5 are from Europe, and speaking of Germany, as you mentioned, Germany exports more than the entire GDP of all but top 14 countries, or more than the entire GDP of Nigeria, Malaysia Philippines, and Vietnam combined!

The other narrative I love...
The euro is going up, this will be bad for their exports it will ruin the economy!
If the euro goes down, it will be bad, they need expensive energy imports, and it will ruin the economy.
The USD goes down, the petrodollar is going to be destroyed!
If the USD goes up, it will ruin everything as it makes stuff more expensive, the petrodollar is going to die!

The Turkish lira or the rial dive 80% in value, everything is fine, the petrodollar is going to die! Grin

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Quote from: davis196 on July 11, 2022, 05:43:51 AM

This sounds far-fetched. Germany alone exports goods for about 1.37 trillion euro annually. The European Union exports a lot of goods and services, but it imports a lot of goods and services as well.

It is not far-fetched, OP is just wording it badly.

EU depends a lot on energy, specifically countries like Germany that heavily rely energy imports. These are industrial countries that would seize all productions if their energy like gas was cut off or was disrupted in any way.

Another big problem is that even if their energy is not cut off, EU still heavily relies on cheapness of it to be able to compete in international markets. (This is what Russia capitalized on over the past decades.) When energy prices shoot up (like gas and oil prices these days) those industries would end up with high production costs so they have to increase the price of their products.
Now we have inflation in most countries in the world, people in those countries that for example used to import goods from EU can not afford to buy goods anymore, they definitely can't afford to buy them if the price of them is also higher. So their markets are slowly taken over by competitors like China that have access to cheaper energy compared to EU and much cheaper production costs.

It's the same with services.
And that's the main reason why euro is dumping and Europe is facing a lot more inflation to come in the coming years.

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Quote from: 325btc on July 09, 2022, 06:11:28 AM

There is no demand for eur currency eurpe dont produce anything to export out of eu.
The biggest winners are those who sell things like russia and also norway since russia is out of the game the norway will take whole eu market so expect NOK to going parabolic bull run against eur currency the world will be full of unwanted eur currency so value of euro going down since everybody want to exchange their euros to get other currencies.
Off course winners are those who produce something and do a lot exports off course not goods but energy such us gas and electricity.

Another totally clueless observation by you. You have no idea how the world economy works apparently, the collective economies of all EU countries rival the size and scale of America, if not bigger. Europe produces some of the finest medical, tech and hardware of all countries. You're an absolute joke if you think Russia produces much of anything besides extracting minerals / gas and oil out of the earth, which requires very little skill - even the technology for that they have to purchase from companies in Europe and America. Besides that, Europe is full of culture and is one of the premier destinations for tourism because of both it's natural beauty, wide range of interconnected countries and general governmental stability.

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It's now a $0.1 cent allowance for them to be par for a EURO.

I've just known this news a few days ago and it was really surprising. While the Euro currency is being weakened, USD is really stronger but this won't last for a long time.

Once the war ends, they'll be back again with all of those exports that they're getting and they'll be at recovery. I'm not an economists but it really is a domino effect coming from this war.

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Quote from: 325btc on July 09, 2022, 06:11:28 AM

There is no demand for eur currency eurpe dont produce anything to export out of eu.
The biggest winners are those who sell things like russia and also norway since russia is out of the game the norway will take whole eu market so expect NOK to going parabolic bull run against eur currency the world will be full of unwanted eur currency so value of euro going down since everybody want to exchange their euros to get other currencies.
Off course winners are those who produce something and do a lot exports off course not goods but energy such us gas and electricity.

This sounds far-fetched. Germany alone exports goods for about 1.37 trillion euro annually. The European Union exports a lot of goods and services, but it imports a lot of goods and services as well. The trade balance is what's important.
Anyway, the Euro is going down in value because:
1.The insecurity regarding the war in Ukraine and the Russian oil and natural gas supplies, which are about to stop(or maybe not).
Europe is way more dependent from Russian natural resources than many other countries. The USA doesn't have this problem.
2.The European central bank isn't increasing the interest rates. The Federal Reserve finally did some rate hikes and many economists criticized this move as being "too little, too late". The European central bank is even slower than the Federal Reserve.

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In my opinion, we can say a lot about the EU, but they are certainly smart enough to include energy trading as part of their energy production requirements. If other countries did not start using this same strategy, it would most likely put them at a disadvantage on the world stage. because they face stiff competition from outside the eurozone in terms of exports and move elsewhere.

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Quote from: Husires on July 09, 2022, 06:27:30 AM

We have a similar topic that you can check out here: U.S dollar almost equal to Euro
It is too early to start analyzing what is happening, we are in the middle of an economic crisis and it is too early to reach conclusions about the biggest winners or losers. when the war ends and life returns to normal, we can talk about winners and losers.

The point is here europe dont export energy but they need so who willl want really those euros other then people who just need to pay back euro loans.
But eu needs rubles and nok currency to get gas and energy....imagine if russia is out of the eu market all eu demand will be going in to norway the norway central banks will run out of the money if the whole eu will want to buy gas and other energy so norway banks will have the most of the eu currency but what will they do it with this if eu keep giving them full of baskets of eu currency to get fuel gas and energy ? The euro value will go lower then zimbawe dollar if this process wht going on dont stop.

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We have a similar topic that you can check out here: U.S dollar almost equal to Euro
It is too early to start analyzing what is happening, we are in the middle of an economic crisis and it is too early to reach conclusions about the biggest winners or losers. when the war ends and life returns to normal, we can talk about winners and losers.

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There is no demand for eur currency eurpe dont produce anything to export out of eu.
The biggest winners are those who sell things like russia and also norway since russia is out of the game the norway will take whole eu market so expect NOK to going parabolic bull run against eur currency the world will be full of unwanted eur currency so value of euro going down since everybody want to exchange their euros to get other currencies.
Off course winners are those who produce something and do a lot exports off course not goods but energy such us gas and electricity.

Topic: Euro currency going down (Read 353 times)