U.S dollar almost equal to Euro

[sovie]

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.

[Ultegra134]

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.

[TLJSK05]

  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??

[Minecache]

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.

[Poker Player]

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.

[Ultegra134]

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.

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]

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.

[Sithara007]

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.

[stompix]

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!

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.

[Wong Gendheng]

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.

[Ultegra134]

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.

[suzanne5223]

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.

[Bitcoin2009]

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.

[Sithara007]

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.

[pooya87]

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.

[Cookdata]

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??

This is not good news my friend. When I was still in Jr school, I remember always watching the UK news channel and I was influenced by their currency to the point that anytime I hear arguments between Euro and Dollar, I always volunteer until I beat the opponent, the joy was there till this moment it loses it parity with dollar due to ongoing crisis that is going on right now in the UK. There is the Food crisis, high inflation and recession and isn't helping and this has helped me understand what has been holding the Euro all this while.

Theoretically, this should be bullish for bitcoin but the same factor is making investors sell their assets to prepare for the worst, nobody wants to stay hungry during the food crisis in a recession.

[sovie]

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??

This is not good news my friend. When I was still in Jr school, I remember always watching the UK news channel and I was influenced by their currency to the point that anytime I hear arguments between Euro and Dollar, I always volunteer until I beat the opponent, the joy was there till this moment it loses it parity with dollar due to ongoing crisis that is going on right now in the UK. There is the Food crisis, high inflation and recession and isn't helping and this has helped me understand what has been holding the Euro all this while.

Theoretically, this should be bullish for bitcoin but the same factor is making investors sell their assets to prepare for the worst, nobody wants to stay hungry during the food crisis in a recession.

What if Russia starts trading oil and gas in Ruble. I think Russia is not scared of sanction and ban. They know they have power and they can go to any extreme to bring back their power. They have the most Nukes and they can fight any superpower - let's not take Russia easy.

[Ultegra134]

Oil has been extremely volatile the past few days, Brent Oil was worth $110/barrel yesterday afternoon and a few hours later it had crashed to $104, quite a difference. Can't understand what caused such a drop. While gas prices have slightly dropped, it's still too expensive for the average consumer. On top of that, the current rate of exchange of EUR/USD is trending at $1.02/€, increasing the fueling costs even further.
Edit: Grammar

[sovie]

Oil has been extremely volatile the past few days, Brent Oil was worth $110/barrel yesterday afternoon and a few hours later it had crashed to $104, quite a difference. Can't understand what caused such a drop. While gas prices have slightly dropped, it's still too expensive for the average consumer. On top of that, the current rate of exchange of EUR/USD is trending at $1.02/€, increasing the fueling costs even further.
Edit: Grammar

This oil and gas problem is putting the whole world in so much trouble.
We are all at the verge of nervous breakdown due to inflation and trouble COVID and Ukraine war has created.

[Ahli38]

The US dollar strengthened slightly and the euro continued to weaken. Inflation and global recession continue to worsen all sectors of the economy in various countries and the eurozone is under pressure from this and even the weakening of the euro is also caused by one of the factors, such as increasing concerns about the possibility of a recession in 19 eurozone countries. even according to some surveys found that business growth in the euro zone is slowing down. and that could cause the entire region to fall into recession. and many other factors as mentioned by other members above.