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Author Topic: EUR might drop below USD  (Read 33281 times)
Valta Crypto
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January 25, 2015, 10:36:37 PM
 #1


Is it possible that EUR might drop below USD in 2015? Syriza & ECB QE program
pushing price even lower against USD or do you think euro is at it's bottom right now
and is going to rise soon?
Discussion.
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countryfree
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January 25, 2015, 11:02:50 PM
 #2

If Greece leaves the Euro zone, that would make the Euro stronger, and that may happen.

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January 25, 2015, 11:58:22 PM
 #3

If Greece leaves the Euro zone, that would make the Euro stronger, and that may happen.
Syryza or however its written just smashed the elections and won by big majority, things are going to get really really interesting. These guys dont want to be buttfucked by Merkel, but they are delusional if they think they can stop the Troika.
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January 26, 2015, 12:05:48 AM
 #4

yes its gonna happen.

the european central bank will buy €1 trillion worth of government bonds starting from march 2015 to september 2016 - every month € 60 billion worth.
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January 26, 2015, 12:06:18 AM
 #5

Now, regarding the $/€ parity, this may change, but I don't see happening it suddenly.

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January 26, 2015, 12:43:25 AM
 #6

Greece will never leave EU. Well not in our life time. Euro needs to lose some worth. Everyone will be invited to do your next christmass shoppings in Europe!

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waterpile
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January 26, 2015, 03:54:26 AM
 #7

If Greece leaves the Euro zone, that would make the Euro stronger, and that may happen.


I dont think that Greece will leave because if they do leave the Greek government will have to force people to accept the new currency and they will have to revalue everyone's bank accounts into the new currency which is wont happen overnight.
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January 26, 2015, 08:23:11 AM
 #8

There is no written procedure for exiting EU though...
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January 26, 2015, 09:12:28 AM
 #9


Is it possible that EUR might drop below USD in 2015? Syriza & ECB QE program
pushing price even lower against USD or do you think euro is at it's bottom right now
and is going to rise soon?
Discussion.


Not likely.
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January 26, 2015, 09:36:11 AM
 #10

If Greece leaves the Euro zone, that would make the Euro stronger, and that may happen.

That's not likely to happen, I suspect what will happen is more countries like Switzerland who are fed up of footing the bill for countries like Greece will leave the Euro and as a result the euro zone will end up crashing because all you'll have then are countries left alone with massive debts that they don't intend to pay off.

Of course, the people they will blame are the countries that chose to leave instead of going along with their bullshit, they will likely also make the usual statements that leaving the euro zone is isolationism and so on and that the countries are just looking out for their own interests.
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January 26, 2015, 09:52:29 AM
 #11

If Greece leaves the Euro zone, that would make the Euro stronger, and that may happen.


I dont think that Greece will leave because if they do leave the Greek government will have to force people to accept the new currency and they will have to revalue everyone's bank accounts into the new currency which is wont happen overnight.

I still think that Greece at present would be more than willing to do the revaluing given that they have had a horrible go of it in the last 5 years with the austerity measures imposed on them by the European Union, it seems from the election that the sentiment is there to go through with those type of radical changes, of course the EU will try to keep them in and likely succeed but if they do leave it would not be a completely unexpected outcome.
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January 26, 2015, 10:22:49 AM
 #12

If Greece leaves the Euro zone, that would make the Euro stronger, and that may happen.

That's not likely to happen, I suspect what will happen is more countries like Switzerland who are fed up of footing the bill for countries like Greece will leave the Euro and as a result the euro zone will end up crashing because all you'll have then are countries left alone with massive debts that they don't intend to pay off.


Switzerland isn't part of the Euro zone, they have nothing to pay. It's the Germans, the French and people from Holland who will have to pay the bill. Do they want to? The Greeks have said they don't want to pay back, we shall not expect others to pay for them.

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January 26, 2015, 10:32:16 AM
 #13

^ It's not that they don't want to pay. They want to renegotiate the debt. So, make payments in a way that doesn't leave much of the population in poverty and the economy destroyed. Don't know if they will be able to do it without leaving though.
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January 26, 2015, 11:14:09 AM
 #14

If Greece leaves the Euro zone, that would make the Euro stronger, and that may happen.
Syryza or however its written just smashed the elections and won by big majority, things are going to get really really interesting. These guys dont want to be buttfucked by Merkel, but they are delusional if they think they can stop the Troika.

I don't think they intend to exit Eurozone. I recall reading some interview the other day with Syriza leader and he said they're going to stay with Euro.

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January 26, 2015, 11:16:40 AM
 #15

It's may happen.
US has end QE, and Europe start QE.
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January 26, 2015, 11:50:49 AM
 #16

Probably will unless ecb took some fast and drastic actions on the QE. But I was thinking whether with Greece exiting euro, would that actually have positive or negative impact towards euro but more likely it will be for the better

Valta Crypto
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January 26, 2015, 01:13:32 PM
 #17


EUR/USD Forecast Jan. 26-30
http://www.forexcrunch.com/category/forex-weekly-outlook/eur-usd-outlook/
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January 26, 2015, 01:37:45 PM
 #18

JP Morgan stated if Greece decide to leave the Euro then EUR value will lose another $0.10 against the USD.

Currently 1EUR = 1.123USD which is already crazy low.

It might actually be 1:1 at some point. I hope it will not as European citizen.

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January 26, 2015, 01:46:09 PM
 #19

If you're relying on some dude prognosticating on how sad it would be if Greece tells the slimy shitbags where to go, well that's your problem.

Meanwhile Greece has to get on with her life.  Sell every fucking Euro you've got and buy something real with it, be it bitcoin or some land.  The rest, they can AND WILL steal from you.  With a grin on their faces.
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January 26, 2015, 03:01:14 PM
 #20

If Greece leaves the Euro zone, that would make the Euro stronger, and that may happen.


I dont think that Greece will leave because if they do leave the Greek government will have to force people to accept the new currency and they will have to revalue everyone's bank accounts into the new currency which is wont happen overnight.
Greece will not leave, the will be kicked out when they keep saying they will not pay the debt. It's either this, or Alexis betrays everyone that voted him and deals with Merkel's orders.
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