U.S dollar almost equal to Euro

[Poker Player]

No it's not It's literally in your own link:

Eurozone raises interest rates for first time in 11 years

The ECB increased its key interest rate by 0.5 percentage points to 0.0% and plans further hikes this year.

That means the interest went from -0.50% to 0.00%.

Well, you are right (that is, you are not human ).


The thing is that the first link showed the Euro zone countries with 0.5% but I have seen other sources and I see that the "increase" was from -0.5 to 0%. Lol. So things are worse than I thought. And that the ECB's main theoretical mandate is to keep inflation contained but it doesn't seem to be what they are most concerned about right now.

I think the term "EUSSR" comes from the EU striving to become bigger and more powerful, trying to decide everything. They don't seem to care about what people vote, and go their own way anyway. And they have a long history of taking really good care of themselves, up to the point where they only showed up at work to collect their daily allowance. Those things don't look good when it hits the media.

Yes, by wanting to regulate everything.

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[Ultegra134]

I know it's been a while, but I wasn't tracking the EUR/USD exchange rate. It recently reached its lowest level in over 20 years, with an exchange rate of 1 EUR/0.954 USD. I didn't anticipate it to fall by that much, going well and beyond under $1, and although there was a small recovery today, things are still looking pretty bleak. On the plus side, the price of crude oil and natural gas has dropped significantly over the last week, providing some small relief at gas pumps and in the energy exchange market. Although I haven't seen any significant drop in gas prices, it's still a little encouraging that prices are not increasing any more.

This is putting a huge strain on the European economy while the situation in Ukraine with the recent Putin threats doesn't look too positive.

[Sithara007]

I think the term "EUSSR" comes from the EU striving to become bigger and more powerful, trying to decide everything. They don't seem to care about what people vote, and go their own way anyway. And they have a long history of taking really good care of themselves, up to the point where they only showed up at work to collect their daily allowance. Those things don't look good when it hits the media.

Reminds me of the recent statements from Führerin Ursula von der Leyen regarding the Italian general elections. She blatantly claimed that Italian people will face "consequences" if they elect the center-right coalition led by Giorgia Meloni. And still, it is Russia who get accused of meddling in the politics and elections in other countries. I never heard Putin making similar comments about "consequences". And despite all the threats from the Führerin, Italians elected Meloni with a large majority. 

[Bitcoin2009]

5 years ago the euro position 20% higher in comparison with USD. The exchange rate in my country is currently the dollar is about 8% higher than the euro, many analysts are worried that the decline in the euro will have a big impact on the world economy, many say that the control of the European Union with the euro is too weak to make its value continue to decline.

[stompix]

Since on the other topic, we were talking bout the death of the dollar I remembered this gem!   
So what happened, did we again fail to kill the Euro and the Eurozone?


https://finance.yahoo.com/quote/EURUSD=X/

Were all the fearmongers and the illiterate who have never set foot in Europe or can't even pinpoint it on a map wrong again?

Seems like the Euro is back where it was one year ago, the ECB hasn't destroyed the economies or skyrocketed the debt to unpayable levels, no crushing unemployment, and the economy has kept growing even adjusted with the inflation, so what conclusions should we draw out of this?
Maybe not everyone is cut to be an analyst or an economist. Just saying!

[Sithara007]

No matter in which way you want to spin it, the long-term outlook for Euro remains bleak. And there is a good chance that USD will overtake EUR once again in the near future (this time permanently). For the last 1-2 months, crude oil has gas prices have remained low, and this has allowed the EU to lessen the trade deficit. Just wait until the prices go back to the levels we had in October. As long as inflation rate in Germany remains in double digits, EUR will continue to weaken against currencies such as USD, GBP and CHF.

[Ultegra134]

Since on the other topic, we were talking bout the death of the dollar I remembered this gem!  
So what happened, did we again fail to kill the Euro and the Eurozone?


https://finance.yahoo.com/quote/EURUSD=X/

Were all the fearmongers and the illiterate who have never set foot in Europe or can't even pinpoint it on a map wrong again?

Seems like the Euro is back where it was one year ago, the ECB hasn't destroyed the economies or skyrocketed the debt to unpayable levels, no crushing unemployment, and the economy has kept growing even adjusted with the inflation, so what conclusions should we draw out of this?
Maybe not everyone is cut to be an analyst or an economist. Just saying!

It took me a while to realize that the euro has recovered this much; I actually saw it a day or two ago and I had completely forgotten about this thread. Still, it's way lower than it used to be a few years ago, when it was usually ranging between $1.18 and $1.20 per euro, but it's still an improvement for the market. I was actually worried and frustrated when the euro went as low as $0.98/EUR, and it did get me thinking for the worse. Fortunately, it seems that the crisis has been averted, although it could have been a great earning opportunity for those who were willing to take the risk of exchanging currencies back and forth.

[Vishnu.Reang]

Truth is USD has gained value over most currencies in the past year and at its peak the exchange rate from USD to EUR was about 0.99 and USD had gained about 14% over the euro in the past year alone. So in a way holding USD was an "investment" if you held it and traded some of your USD into EUR like I did but this is only useful if you have EURO bank account and plan on using that money. Or you can just hold it exchange it back into USD later.

[DrBeer]

Look at the quotes - everything is back almost to the pre-COVID state. The pandemic was the first blow that caused many major economies to collapse and governments to print a lot of money to provide an acceptable standard of living for the population. The second blow was the terrorist war unleashed by Russia in Ukraine, and then the economic terror of the EU, I'm talking about oil and gas terror and attempts to manipulate the market. But the world economy is on the mend, the markets are "aligning", the situation is returning to its place. Yes, the global market will not return to a full-fledged normal state "tomorrow", but I think that in 2-3 years, all the consequences will finally disappear. And the euro dollar balance will be within the framework of profitable parities for the two most powerful economies

[stompix]

Truth is USD has gained value over most currencies in the past year and at its peak the exchange rate from USD to EUR was about 0.99 and USD had gained about 14% over the euro in the past year alone. So in a way holding USD was an "investment" if you held it and traded some of your USD into EUR like I did but this is only useful if you have EURO bank account and plan on using that money.

You should really check the dates of the OP in a topic before replying, maybe things have changed dramatically from when this topic was opened.
The dollar has lost ground against the Euro in the last year, so in a yoy period the euro is 6.25% against the usd!



So next time, put more effort into double-checking what you post, rather than making sure how much mandatory text you post!

But this topic is quite nice, after pages of enthusiasm about the Euro dying, now that is back at the same value, the panic is gone, and the EU is not freezing or crumbling the whole topic has gone empty. And there were so many marvelous predictions here about how it will become useless...

[naikturun]

I know it's been a while, but I wasn't tracking the EUR/USD exchange rate. It recently reached its lowest level in over 20 years, with an exchange rate of 1 EUR/0.954 USD. I didn't anticipate it to fall by that much, going well and beyond under $1, and although there was a small recovery today, things are still looking pretty bleak. On the plus side, the price of crude oil and natural gas has dropped significantly over the last week, providing some small relief at gas pumps and in the energy exchange market. Although I haven't seen any significant drop in gas prices, it's still a little encouraging that prices are not increasing any more.

This is putting a huge strain on the European economy while the situation in Ukraine with the recent Putin threats doesn't look too positive.

The situation in Ukraine, with the ongoing conflict and tensions with Russia, is also a major concern, as it has the potential to disrupt energy markets and geopolitical stability in the region. It is important for policymakers and stakeholders to carefully monitor and respond to these developments, in order to mitigate the risks and promote economic and political stability.

[Sayeds56]

What are your thoughts? Will Euro's value fall lower than the U.S. Dollar? One thing is certain though, we're going to go through a tough time in the very near future.

There are number of factors those can affect exchange rate of any currency, such as inflation, trade balance and political stability. Given the current global economic crisis, the value of Euro relative to US dollar  may continue to decline, however it is also possible that situation could potentially reverse in future. I believe the key factor influencing the Euro depreciation against dollar is high prices of Gas and crude oil. As European union countries heavily rely imported crude oil for their energy requirements, rising prices of petroleum product can lead to increased inflation and devaluation of currency.

[Litzki1990]

A few days back there was a lot of difference between the dollar price and the euro price. What is the impact of the war in Ukraine and Russia behind the fall in the value of the euro?  Currently, demand for dollars has increased globally compared to euros. Global demand for the dollar has increased the value of the dollar, which is now felt in the euro.  And in our country too, the value of the dollar has increased by several times in the space of a few months. The way the euro has fallen, if it continues to fall like this, the euro will soon fall below the dollar.

[Ultegra134]

Truth is USD has gained value over most currencies in the past year and at its peak the exchange rate from USD to EUR was about 0.99 and USD had gained about 14% over the euro in the past year alone. So in a way holding USD was an "investment" if you held it and traded some of your USD into EUR like I did but this is only useful if you have EURO bank account and plan on using that money.

You should really check the dates of the OP in a topic before replying, maybe things have changed dramatically from when this topic was opened.
The dollar has lost ground against the Euro in the last year, so in a yoy period the euro is 6.25% against the usd!



So next time, put more effort into double-checking what you post, rather than making sure how much mandatory text you post!

But this topic is quite nice, after pages of enthusiasm about the Euro dying, now that is back at the same value, the panic is gone, and the EU is not freezing or crumbling the whole topic has gone empty. And there were so many marvelous predictions here about how it will become useless...

Indeed, looking back a few pages, you can see that there were quite a few replies claiming that the euro could possibly be coming to an end with an even larger drop. In the end, nothing happened, and the euro has recovered to almost pre-Covid levels. One euro is currently worth 1.12 USD. It's still far from what it used to be, but it's certainly a huge improvement from what it was a few months ago.

Although this is an interesting topic, I keep seeing new replies coming in that are completely irrelevant and not up to date with what's happening; thus, I might as well resort to locking this topic if it continues like this.

[royalfestus]

The Euro currency is negatively impacted by various economic factors such as high inflation rates across the continent, as well as geopolitical tensions such as the ongoing conflict between Ukraine and Russia. Additionally, frequent shifts in the political climate also contribute to the currency's instability.