EUR might drop below USD

[CryptoTrout]

EUR is bleeding out faster than I thought.  It's like free btc. 

[fixxi.net]

But from what I gather the drop is due to the money printing that is going on. So we can expect the EUR to be dropping this year. Assuming the ECB keeps printing. I am thinking to turn some EUR into GBP asap.

[johnyj]

It seems EUR USD parity is a sure thing now. I'm not surprised to see a ratio of 0.8 or lower

[Snipe85]

EUR is bleeding out faster than I thought.  It's like free btc.  

That's what you get when you start giving it away for free. The Union threw its precious Euro into a number of black holes like Greece and Cyprus and now people are arguing that these countries would be prospering better without it. Soon Britain will be congratulating itself as GBP is doing great compared to EUR.

[CryptoTrout]

EUR is bleeding out faster than I thought.  It's like free btc. 

That's what you get when you start giving it away for free. The Union threw its precious Euro into a number of black holes like Greece and Cyprus and now people are arguing that these countries would be prospering better without it. Soon Britain will be congratulating itself as GBP is doing great compared to EUR.

Yea its pretty bad.  I was thinking parity by second quarter but now I'm thinking it will tank much farther. 

[numismatist]

It's pure shit seeing your currency get worth less and less.
And it will only gets worse if they keep feeding Greece billions of our money for nothing.
Some days ago I checked the rate, and it was 1.11 and today it dipped even below 1.06....
I never thought I would say this, but I am soo glad I converted a good bit of my EUR into USD a year ago at ~1.3X

The money did never arrived at the greek people on the streets, it's been merely transfered through greece country directly into blundered ballances of big banks, occacionally located at Frankfurt.

From a Bitcoin perspective we see the BTC notation rising but that might be similar to watching the waterline from a sinking ship. A mixed feeling between hooray and duh.

[dulldog]

EUR is bleeding out faster than I thought.  It's like free btc.  

That's what you get when you start giving it away for free. The Union threw its precious Euro into a number of black holes like Greece and Cyprus and now people are arguing that these countries would be prospering better without it. Soon Britain will be congratulating itself as GBP is doing great compared to EUR.

what was the result of EUR donation to Greece? as far as I know it didn't help a bit and Greece is still living on the edge of extinction.

as to GBP exchange rate - Britain indeed did a good job keeping it's exchange rate above all else, they are not depending on EUR in any way and this is playing for them.

[thejaytiesto]

EUR is bleeding out faster than I thought.  It's like free btc. 

That's what you get when you start giving it away for free. The Union threw its precious Euro into a number of black holes like Greece and Cyprus and now people are arguing that these countries would be prospering better without it. Soon Britain will be congratulating itself as GBP is doing great compared to EUR.

Yea its pretty bad.  I was thinking parity by second quarter but now I'm thinking it will tank much farther. 

I think we will see a small correction upwards again before it starts going down again and potentially go under euro...

[ianferns]

Can't believe EUR is actually at 1.05x USD. Experts predict it will fall down to 0.85 USD in the near future.

[tee-rex]

Can't believe EUR is actually at 1.05x USD. Experts predict it will fall down to 0.85 USD in the near future.

The U.S. tried to attack Russia through Ukraine in an effort to start a full-fledged war between these two countries and profit by this (as they always did in the past). But the U.S. miscalculated (just like Hitler and other "peace-keepers" before him) and failed miserably at this point in space and time. Now it seems that they have no other option left but devastate Europe instead, desperately trying to postpone their own collapse.

[Amph]

it's the euro that is dropping not the usd that is rising(or bot), i didn't follow to much, i'm right?

if it's the first, i'm no suprising, seeing the bad euro position that there is right now

[tee-rex]

it's the euro that is dropping not the usd that is rising(or bot), i didn't follow to much, i'm right?

if it's the first, i'm no suprising, seeing the bad euro position that there is right now

Not quite so, the U.S. dollar is actually rising, and not only against the euro, but against other major currencies too (British pound, Japanese yen, etc). As a yardstick, you can always check the price of gold (and other precious metals as well). Despite being highly manipulated, the gold price is about to break through long-term lows.

[oblivi]

it's the euro that is dropping not the usd that is rising(or bot), i didn't follow to much, i'm right?

if it's the first, i'm no suprising, seeing the bad euro position that there is right now

Not quite so, the U.S. dollar is actually rising, and not only against the euro, but against other major currencies too (British pound, Japanese yen, etc). As a yardstick, you can always check the price of gold (and other precious metals as well). Despite being highly manipulated, the gold price is about to break through long-term lows.

It's not a legitimate rise tho, it's a fictional rise, a good ol bubble, imo dont pay much attention to prices unless you are a full time trader wanting to make money off speculation.

[tee-rex]

it's the euro that is dropping not the usd that is rising(or bot), i didn't follow to much, i'm right?

if it's the first, i'm no suprising, seeing the bad euro position that there is right now

Not quite so, the U.S. dollar is actually rising, and not only against the euro, but against other major currencies too (British pound, Japanese yen, etc). As a yardstick, you can always check the price of gold (and other precious metals as well). Despite being highly manipulated, the gold price is about to break through long-term lows.

It's not a legitimate rise tho, it's a fictional rise, a good ol bubble, imo dont pay much attention to prices unless you are a full time trader wanting to make money off speculation.

For layman there is no difference between a fictional and legitimate rise. It is not that you see the rise on the screen or hear about it in the news only, but at the same time aren't able to buy/sell currency at these rates, and, consequently, buy real goods cheaper if their price is denominated in the falling money with your dearer money.

[Snipe85]

EUR is bleeding out faster than I thought.  It's like free btc.  

That's what you get when you start giving it away for free. The Union threw its precious Euro into a number of black holes like Greece and Cyprus and now people are arguing that these countries would be prospering better without it. Soon Britain will be congratulating itself as GBP is doing great compared to EUR.

what was the result of EUR donation to Greece? as far as I know it didn't help a bit and Greece is still living on the edge of extinction.

as to GBP exchange rate - Britain indeed did a good job keeping it's exchange rate above all else, they are not depending on EUR in any way and this is playing for them.

The result was Greek government spending the money on campaigns and raising salaries. Imagine your wife is a shopaholic and is in debt and you give her money, what will happen?
In a way Britain still depends on EUR, because they gave money to the Union, even if these were GBP, which means the countries that owe something to the EU are also indirectly Britain's debtors.

[Gronthaing]

EUR is bleeding out faster than I thought.  It's like free btc.  

That's what you get when you start giving it away for free. The Union threw its precious Euro into a number of black holes like Greece and Cyprus and now people are arguing that these countries would be prospering better without it. Soon Britain will be congratulating itself as GBP is doing great compared to EUR.

what was the result of EUR donation to Greece? as far as I know it didn't help a bit and Greece is still living on the edge of extinction.

as to GBP exchange rate - Britain indeed did a good job keeping it's exchange rate above all else, they are not depending on EUR in any way and this is playing for them.

The result was Greek government spending the money on campaigns and raising salaries. Imagine your wife is a shopaholic and is in debt and you give money, what will happen?
In a way Britain still depends on EUR, because they gave money to the Union, even if these were GBP, which means the countries that owe something to the EU are also indirectly Britain's debtors.

A lot of the money given to Greece before the crisis was misspent. And there is a lot of corruption and tax evasion there. But the money used to bail out Greece after the crisis wasn't used to benefit Greece. It was given to the banks (mostly foreign) directly. So as he said it didn't help the Greek people. They now have to pay back the money that was not used to bail them out or improve their lives. And they don't have growth to get out of the debt.

[pereira4]

I sometimes trade fiat currencies against each other. It was a nice move today. I normally don't trade in the evenings because of it. Just have been playing EUR/USD all day and the chart was too easy not to trade.

[jemsmuhamad]

ah ya, dollar much stronger now, it could happened anytime.
but bitcoin is always on the top lol.

[Hazir]

I am from EU and I can see some alarming increase in the price are going on. Not groceries and stuff like that but electronic hardware and general imported goods are expensive as ever. I wanted to buy new graphics card for my gaming PC and I check prices everyday and in past 2 weeks there were already two price increases of my preferable graphics card.

[Bit_Happy]

At least the title does not say "Dollar might rise above the Euro", since they are semi-worthless pieces of paper racing their way to the bottom.