U.S dollar almost equal to Euro - page 4.

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: Sithara007 on July 28, 2022, 02:43:44 AM

Quote from: Wong Gendheng on July 27, 2022, 08:42:57 AM

Didn't think that if Euro's performance was increasingly down, experts said that inflation that occurred in a very high Euro user country made the Euro position more declining, if the war with Russia did not end soon then I was sure that in 2 years Euro would be half of the dollar.

May not be in 2 years, but very possible in 10-15 years. The advantage with the United States Dollar is that it is the reserve and trade currency of the world.

It is not advantage, it is the only reason why USD has value, otherwise it would turn into the weakest currency in the world below Venezuelan Bolivar. Of course it needs most of the world dumping USD for it to become worthless and that's not going to happen in short time.

These days more than half the world is coming up with their own reserve and trade currency. As more countries join BRICS and dump USD, it will only lose value. If you look at Ruble it is soaring against USD simply because Russians dumped USD as trade currency in most of their trades. Lest we forget last time Europeans dumped US dollar, it tanked hard and lost more than half of its value.

Sithara007

legendary

Activity: 3346

Merit: 1352

Leading Crypto Sports Betting & Casino Platform

Quote from: Wong Gendheng on July 27, 2022, 08:42:57 AM

Didn't think that if Euro's performance was increasingly down, experts said that inflation that occurred in a very high Euro user country made the Euro position more declining, if the war with Russia did not end soon then I was sure that in 2 years Euro would be half of the dollar.

May not be in 2 years, but very possible in 10-15 years. The advantage with the United States Dollar is that it is the reserve and trade currency of the world. Americans are able to take loans, paying a measly interest rate of 1% or 1.5% per year. And the treasury bonds are mopped up by those who are looking to preserve their wealth. This means that other currencies in the long term will go down in value against the USD. It is a chain reaction. The more bonds are purchased by non-US investors, the stronger will be the value of USD.

Bitcoin2009

member

Activity: 1050

Merit: 10

Quote from: suzanne5223 on July 27, 2022, 06:22:47 PM

Quote from: Wong Gendheng on July 27, 2022, 08:42:57 AM

Didn't think that if Euro's performance was increasingly down, experts said that inflation that occurred in a very high Euro user country made the Euro position more declining, if the war with Russia did not end soon then I was sure that in 2 years Euro would be half of the dollar.

You have a point and from what I am seeing due to the habit of Putin I don't think the Ukraine invasion will end soon. Besides, another country seems ^{9which I currently forget the name appears to be preparing for Putin's possible attack)}. I just hope the Russian government will put aside the political different and make peace with their neighboring country because the impact of the war on the EU economic is huge.

Peace is the key to the economy, if there is a war then sooner or later it will have an impact on the economy including from countries that are not directly involved, this is the importance we must always invite the russian government to make peace with humanitarian reasons and the impact of war will be felt for a long time.

suzanne5223

hero member

Activity: 2660

Merit: 651

Want top-notch marketing for your project, Hire me

Quote from: Wong Gendheng on July 27, 2022, 08:42:57 AM

Didn't think that if Euro's performance was increasingly down, experts said that inflation that occurred in a very high Euro user country made the Euro position more declining, if the war with Russia did not end soon then I was sure that in 2 years Euro would be half of the dollar.

You have a point and from what I am seeing due to the habit of Putin I don't think the Ukraine invasion will end soon. Besides, another country seems ^{9which I currently forget the name appears to be preparing for Putin's possible attack)}. I just hope the Russian government will put aside the political different and make peace with their neighboring country because the impact of the war on the EU economic is huge.

Ultegra134

hero member

Activity: 1680

Merit: 845

Quote from: Poker Player on July 26, 2022, 11:59:48 PM

Quote from: Ultegra134 on July 26, 2022, 03:48:40 PM

I wouldn't say that, it's approximately sitting at $1.01/€, a few days ago it almost reached $1.03 but didn't stay there for long.

Yes, it has rebounded. It is oscillating at the $1.01/€-1.03 level, with the parity appearing to act as support. I am quite curious to see the evolution, as in this thread you can see a forecast of $0.90/€ that seems that for the moment it is not going to be fulfilled.

In any case, whether the euro falls further against the dollar or not, it is clear that in terms of currency strength the euro has lost out.

Certainly, it's better than going below $1but the condition is exasperating. I really hope that it doesn't crash any further, it's deteriorating an already desperate situation. Inflation is still rising, a further drop in $/€ rate of exchange would be disastrous, especially for oil prices, which are showing minor signs of relief.

Wong Gendheng

sr. member

Activity: 1428

Merit: 252

Didn't think that if Euro's performance was increasingly down, experts said that inflation that occurred in a very high Euro user country made the Euro position more declining, if the war with Russia did not end soon then I was sure that in 2 years Euro would be half of the dollar.

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: Sithara007 on July 27, 2022, 04:43:40 AM

If this trend continues, then within another decade the exchange rate will be like €1 = $0.50. European economy is in decline. And this is having an impact on the currency as well. There is no short fix here.

And in another decade €1 = $0 , because that's how math works, Mr 40 days in a month?
Check what the parity rate was on x-mas eve in 2016!

Quote from: Poker Player on July 25, 2022, 11:23:42 PM

As I mentioned in my previous post, the euro seems to have rebounded a bit following the ECB's announcement last week of a rate hike, in this case by half a percentage point. We will have to see how this turns out, but in any case I believe that rate hikes are healthy, after the massive printing that has taken place in recent years. Will they be able to continue this policy for long? I think it is unlikely.

They've chosen the worst moment to hike rates, why not wait for the US as they were already clearly ahead with those, and then rise the rates for the first time? I said a week ago, that the moment is bad and it won't achieve anything spectacular, let the currency go down as the increased price from 500 billion in energy imports means nothing compared to 5 trillion in exports.
For the first time in the last 5 years, Chinese buyers are again looking for meat products on the European market since their imports from the US are getting to expensive and we have tons (in millions) to sell them, if we balance exports and tourism with energy price hikes I say let it slide down to 90, 95.

I don't know why everyone is focussing on the 1.5 rates when in reality for the last 8 years the euro hasn't been stronger than 1.25 and that just because the US was really in trouble.

Sithara007

legendary

Activity: 3346

Merit: 1352

Leading Crypto Sports Betting & Casino Platform

Quote from: Poker Player on July 26, 2022, 11:59:48 PM

Quote from: Ultegra134 on July 26, 2022, 03:48:40 PM

I wouldn't say that, it's approximately sitting at $1.01/€, a few days ago it almost reached $1.03 but didn't stay there for long.

Yes, it has rebounded. It is oscillating at the $1.01/€-1.03 level, with the parity appearing to act as support. I am quite curious to see the evolution, as in this thread you can see a forecast of $0.90/€ that seems that for the moment it is not going to be fulfilled.

In any case, whether the euro falls further against the dollar or not, it is clear that in terms of currency strength the euro has lost out.

Before the recession of 2008-09, the exchange rate was like €1 = $1.50. During the last one and half decades, the value of Euro has been on a continuous downward spiral. Although most of the currencies have gone down against the USD during this period, with EUR the fall has been very steep. If this trend continues, then within another decade the exchange rate will be like €1 = $0.50. European economy is in decline. And this is having an impact on the currency as well. There is no short fix here.

Poker Player

legendary

Activity: 1372

Merit: 2017

Quote from: Ultegra134 on July 26, 2022, 03:48:40 PM

I wouldn't say that, it's approximately sitting at $1.01/€, a few days ago it almost reached $1.03 but didn't stay there for long.

Yes, it has rebounded. It is oscillating at the $1.01/€-1.03 level, with the parity appearing to act as support. I am quite curious to see the evolution, as in this thread you can see a forecast of $0.90/€ that seems that for the moment it is not going to be fulfilled.

In any case, whether the euro falls further against the dollar or not, it is clear that in terms of currency strength the euro has lost out.

Ultegra134

hero member

Activity: 1680

Merit: 845

Quote from: Minecache on July 25, 2022, 10:42:54 PM

Quote from: Ultegra134 on July 25, 2022, 03:10:14 PM

Russia is restricting gas flow coming from Nord Stream once again, cutting supplies in half from 40% to 20%, claiming that one of their turbines needs maintenance. The war could last years, while the fear of Russia eventually permanently stopping gas flow to Europe is extremely likely in the upcoming months.

Experts in the EU have also warned about this before. Now that it has happened, sadly they do not know what to do other than criticize each other for what has happened. The European Union is now really stuck in a gas war with Russia, despite previous claims that it will soon find an alternative source of Russian gas.

If Europe and the US still want to impose a ceiling on the prices of Russian oil and gas, then stopping gas exports to Europe will happen and will prolong the war even more.

Europe got itself screwed over by imposing sanctions on Russia. It's not new that we are dependent on Russian oil, what did Europe expect to happen? Now we, the regular citizens are paying the price of their actions.

Quote from: Poker Player on July 25, 2022, 11:23:42 PM

As I mentioned in my previous post, the euro seems to have rebounded a bit following the ECB's announcement last week of a rate hike, in this case by half a percentage point. We will have to see how this turns out, but in any case I believe that rate hikes are healthy, after the massive printing that has taken place in recent years. Will they be able to continue this policy for long? I think it is unlikely.

I wouldn't say that, it's approximately sitting at $1.01/€, a few days ago it almost reached $1.03 but didn't stay there for long.

Poker Player

legendary

Activity: 1372

Merit: 2017

As I mentioned in my previous post, the euro seems to have rebounded a bit following the ECB's announcement last week of a rate hike, in this case by half a percentage point. We will have to see how this turns out, but in any case I believe that rate hikes are healthy, after the massive printing that has taken place in recent years. Will they be able to continue this policy for long? I think it is unlikely.

Minecache

legendary

Activity: 2184

Merit: 1024

Vave.com - Crypto Casino

Quote from: Ultegra134 on July 25, 2022, 03:10:14 PM

Russia is restricting gas flow coming from Nord Stream once again, cutting supplies in half from 40% to 20%, claiming that one of their turbines needs maintenance. The war could last years, while the fear of Russia eventually permanently stopping gas flow to Europe is extremely likely in the upcoming months.

Experts in the EU have also warned about this before. Now that it has happened, sadly they do not know what to do other than criticize each other for what has happened. The European Union is now really stuck in a gas war with Russia, despite previous claims that it will soon find an alternative source of Russian gas.

If Europe and the US still want to impose a ceiling on the prices of Russian oil and gas, then stopping gas exports to Europe will happen and will prolong the war even more.

TLJSK05

newbie

Activity: 1

Merit: 0

good news for us dollar! this is interesting. Dollar had been much lower than Euros for the past decade i think.

Does this mean bullish run is coming soon??

Ultegra134

hero member

Activity: 1680

Merit: 845

Russia is restricting gas flow coming from Nord Stream once again, cutting supplies in half from 40% to 20%, claiming that one of their turbines needs maintenance. The war could last years, while the fear of Russia eventually permanently stopping gas flow to Europe is extremely likely in the upcoming months.

sovie

sr. member

Activity: 1274

Merit: 265

Quote from: Hispo on July 23, 2022, 08:02:11 PM

What is the point of sanctions against Russian oil/energy if India is allowed to buy and process their oil?
What if India uses cheap Russian oil to refine and manufacture products derivated from oil to export towards allies like USA?
It does not make much sense, because indirectly Russian Oil still have place withtin the market of USA and their western allies.

I am surprised Biden's administration have not seriously called out Modi's.

Now after creating the mess - Bidan has gone to Saudia Arabia to save himself from the defeat in mid term election.
Biden is not a good president - I think Trump America was far better than Biden. He has created the Russia ban mess and now again there is hike in petrol prices.

Hispo

legendary

Activity: 1162

Merit: 2025

Leading Crypto Sports Betting & Casino Platform

Quote from: dothebeats on July 23, 2022, 03:59:02 PM

Quote from: Hispo on July 22, 2022, 06:16:38 PM

Quote from: Ultegra134 on July 22, 2022, 04:22:07 PM

Russia has recorded huge profits due to Europe's sanctions, which drove oil prices to skyrocket. On top of that, they've also resorted in finding other markets to sell their oil, such as India and China. The only losing party is Europe, not Russia, we're the ones getting screwed over by the excessive fueling costs.

Due to the high population density it makes sense that India and China are clear alternative markets for Russian energy. China buying Russian gas/oil is something I saw coming, but something I did not expect was India taking this opportunity as well. As far as I knew India has a quite stable diplomatic and economical relations with the USA, I would have guessed they would join the boycot. Huh

India only has negative relationship with China but not Russia. I kinda expected them to bite in on the oil bargain by the Russians. They needed that quick profit, and what can the US and its allies do anyway? They can just call out India for the said behavior but that's about it. Profits are already realized for Russia, and it looks like everything is business as usual, too, for US and EU by looking for other oil sellers in the form of the Middle East and Africa.

What is the point of sanctions against Russian oil/energy if India is allowed to buy and process their oil?
What if India uses cheap Russian oil to refine and manufacture products derivated from oil to export towards allies like USA?
It does not make much sense, because indirectly Russian Oil still have place withtin the market of USA and their western allies.

I am surprised Biden's administration have not seriously called out Modi's.

sovie

sr. member

Activity: 1274

Merit: 265

Quote from: dothebeats on July 23, 2022, 03:59:02 PM

Quote from: Hispo on July 22, 2022, 06:16:38 PM

Quote from: Ultegra134 on July 22, 2022, 04:22:07 PM

Russia has recorded huge profits due to Europe's sanctions, which drove oil prices to skyrocket. On top of that, they've also resorted in finding other markets to sell their oil, such as India and China. The only losing party is Europe, not Russia, we're the ones getting screwed over by the excessive fueling costs.

Due to the high population density it makes sense that India and China are clear alternative markets for Russian energy. China buying Russian gas/oil is something I saw coming, but something I did not expect was India taking this opportunity as well. As far as I knew India has a quite stable diplomatic and economical relations with the USA, I would have guessed they would join the boycot. Huh

India only has negative relationship with China but not Russia. I kinda expected them to bite in on the oil bargain by the Russians. They needed that quick profit, and what can the US and its allies do anyway? They can just call out India for the said behavior but that's about it. Profits are already realized for Russia, and it looks like everything is business as usual, too, for US and EU by looking for other oil sellers in the form of the Middle East and Africa.

India played a very good game.They supported America and then they got the oil from Russia as well.
I must appreciate the Indian government for playing dule game and also since India is American Allie they always support Indian Govermnet

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

Quote from: Hispo on July 22, 2022, 06:16:38 PM

Quote from: Ultegra134 on July 22, 2022, 04:22:07 PM

Russia has recorded huge profits due to Europe's sanctions, which drove oil prices to skyrocket. On top of that, they've also resorted in finding other markets to sell their oil, such as India and China. The only losing party is Europe, not Russia, we're the ones getting screwed over by the excessive fueling costs.

Due to the high population density it makes sense that India and China are clear alternative markets for Russian energy. China buying Russian gas/oil is something I saw coming, but something I did not expect was India taking this opportunity as well. As far as I knew India has a quite stable diplomatic and economical relations with the USA, I would have guessed they would join the boycot. Huh

India only has negative relationship with China but not Russia. I kinda expected them to bite in on the oil bargain by the Russians. They needed that quick profit, and what can the US and its allies do anyway? They can just call out India for the said behavior but that's about it. Profits are already realized for Russia, and it looks like everything is business as usual, too, for US and EU by looking for other oil sellers in the form of the Middle East and Africa.

Ultegra134

hero member

Activity: 1680

Merit: 845

Quote from: Hispo on July 22, 2022, 06:16:38 PM

Quote from: Ultegra134 on July 22, 2022, 04:22:07 PM

Quote from: BCwinning on July 22, 2022, 11:36:00 AM

Quote from: Ultegra134 on July 21, 2022, 08:51:41 AM

-snip-

Russia has recorded huge profits due to Europe's sanctions, which drove oil prices to skyrocket. On top of that, they've also resorted in finding other markets to sell their oil, such as India and China. The only losing party is Europe, not Russia, we're the ones getting screwed over by the excessive fueling costs.

Due to the high population density it makes sense that India and China are clear alternative markets for Russian energy. China buying Russian gas/oil is something I saw coming, but something I did not expect was India taking this opportunity as well. As far as I knew India has a quite stable diplomatic and economical relations with the USA, I would have guessed they would join the boycot. Huh

Russia sold discounted crude oil, selling at a 20% discount on one of its worse price rallies. It was expected that other countries would bite, which lead to billions in revenue for Russia.

Crude oil is seeing a slight decline in its value, however, as long as the EUR/USD rate of exchange remains close to parity, we won't see major drops at the pumps.

Hispo

legendary

Activity: 1162

Merit: 2025

Leading Crypto Sports Betting & Casino Platform

Quote from: Ultegra134 on July 22, 2022, 04:22:07 PM

Quote from: BCwinning on July 22, 2022, 11:36:00 AM

Quote from: Ultegra134 on July 21, 2022, 08:51:41 AM

-snip-

Russia has recorded huge profits due to Europe's sanctions, which drove oil prices to skyrocket. On top of that, they've also resorted in finding other markets to sell their oil, such as India and China. The only losing party is Europe, not Russia, we're the ones getting screwed over by the excessive fueling costs.

Due to the high population density it makes sense that India and China are clear alternative markets for Russian energy. China buying Russian gas/oil is something I saw coming, but something I did not expect was India taking this opportunity as well. As far as I knew India has a quite stable diplomatic and economical relations with the USA, I would have guessed they would join the boycot. Huh

Topic: U.S dollar almost equal to Euro - page 4. (Read 1525 times)