EUR might drop below USD

Quote from: Bit_Happy on March 13, 2015, 02:58:21 AM

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.

Long-term sure. But in the mean time a lot can happen.

Quote from: bigtimespaghetti on March 13, 2015, 07:23:51 AM

Quote from: Bit_Happy on March 13, 2015, 02:58:21 AM

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.

Long-term sure. But in the mean time a lot can happen.

In the meantime, the Euro fell below 1.05$, with the USDX finally hitting a 100 mark. Gold is showing resistance though, for the second day on end. It seems that many Europeans are abandoning euro and entering precious metals at the moment.

Quote from: Hazir on March 13, 2015, 02:52:23 AM

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.

The ECB hopes to make local manufacturing competitive through currency depreciation. Definitely not a good thing for consumers.
Boosting prices of investments is not the only impact of quantitative easing.

With the trilion that Dragi is going to print prepare for the initial entering price of the euro with the Dollar and that was
around 0.90 even less than this.
Euro is a well overvalued currency.

Quote from: lowbander80 on March 13, 2015, 07:07:40 PM

With the trilion that Dragi is going to print prepare for the initial entering price of the euro with the Dollar and that was
around 0.90 even less than this.
Euro is a well overvalued currency.

I also think it will go down a bit more, only not sure if it will dip below $1 level.

Here they keep saying a low valued Euro is great for our economy, but it doesn't feel like so.

The only good thing for me is when I convert my saved USD and convert it to EUR.

Printed USD can be sent out to pump up the petroleum price, Euro can not, it will just keep driving up the price of government and corporate bonds and other assets, assets bubble does not create more jobs and income, since in Europe about half of the people live in rented house, it will just raise the rent and reduce many people's spendable income

Seeing the progress it has made for the past few weeks, I think it is just a matter of time. I can imagine at one point few years ago that it was something like 1.6 at its peak and now it's only 1.08, that's more than 30% drop. Also I don't think quantitative easing will help. Printing more fiat in the name of stimulating the economy and dumping that randomly doesn't mean that it will end up with those people that's badly needs it.

Some people say the the euro is going to $0.85, but who knows it might go below $0.5.

As someone who lives in Europe I think this is bad for the economy.

Never took this too seriously, until a checked a few days ago the prices of EUR/USD. I never thought the US $ would come up so strong.
In the meanwhile our local currency gets weaker against everything.

There seem to be some benefits of the weakening Euro. May be quantitative easing is effective after all.

Weak euro to help European companies, force U.S. rivals to adapt

http://www.reuters.com/article/2015/03/13/us-euro-companies-idUSKBN0M91X120150313

The euro's slide toward parity with the dollar will provide a much-needed boost for European companies this year and force U.S. rivals to adapt their businesses or risk losing market share.

While currency hedging arrangements mean the benefits may not be seen straight away, the currency's weakness has already cheered European chief executives by making their products cheaper overseas and lifting the value of dollar-based sales.

“We have been handicapped by the strength of the euro, but now it seems that the wind is turning and we intend to make the most of this very positive currency effect that will help us deliver a nice increase of our sales and our profits in 2015,” Jean-Paul Agon, CEO of French cosmetics group L'Oreal (OREP.PA) told investors last month.

Quote from: aso118 on March 16, 2015, 12:13:21 AM

There seem to be some benefits of the weakening Euro. May be quantitative easing is effective after all.

Weak euro to help European companies, force U.S. rivals to adapt

http://www.reuters.com/article/2015/03/13/us-euro-companies-idUSKBN0M91X120150313

The euro's slide toward parity with the dollar will provide a much-needed boost for European companies this year and force U.S. rivals to adapt their businesses or risk losing market share.

While currency hedging arrangements mean the benefits may not be seen straight away, the currency's weakness has already cheered European chief executives by making their products cheaper overseas and lifting the value of dollar-based sales.

“We have been handicapped by the strength of the euro, but now it seems that the wind is turning and we intend to make the most of this very positive currency effect that will help us deliver a nice increase of our sales and our profits in 2015,” Jean-Paul Agon, CEO of French cosmetics group L'Oreal (OREP.PA) told investors last month.

Looks like a cold comfort to ordinary Europeans. Now we see complaints about the euro having been too strong, I think in a short time span we will also see complaints about the euro being too weak. When you don't know where to go, no wind blows in the right direction.

EUR go down to hell. I told you it was possible.

It's still at 1.05, but it might go below USD this week

Shocking news: A bank in Spain named "Banco Madrid" has suspended any withdrawal of money of all deposits. Can anyone in there confirm?

Quote from: BillyBobZorton on March 16, 2015, 02:30:15 PM

Shocking news: A bank in Spain named "Banco Madrid" has suspended any withdrawal of money of all deposits. Can anyone in there confirm?

Google's your friend

http://www.reuters.com/article/2015/03/16/us-bpa-bancomadrid-idUSKBN0MC0NK20150316

In this year Greece will leave EU and it will go back up, now the EU's central bank supporst ecenomy of states of eurozone so...

I was always strong in belief that USD will never be = or > EUR, but recent news only prooved me wrong much more.
Although i still don't believe it will surpass it by much, it is now obvious that it will at least even out with it.
Good news for people like me with big credit loans tied to EUR, because the more EUR falls, the less i have to deposit to bank each month.

cheers

Quote from: Silverspoon on March 16, 2015, 03:29:02 PM

Quote from: BillyBobZorton on March 16, 2015, 02:30:15 PM

Shocking news: A bank in Spain named "Banco Madrid" has suspended any withdrawal of money of all deposits. Can anyone in there confirm?

Google's your friend

http://www.reuters.com/article/2015/03/16/us-bpa-bancomadrid-idUSKBN0MC0NK20150316

Damn, i thought he was trolling for a sec. Scary shit :s

Quote from: tee-rex on March 16, 2015, 09:31:22 AM

Ordinary Europeans may see the cost of some imported goods increase, but the loss of purchasing power of the Euro due to QE will be gradual. If the economy pics up due to QE, they might not be disappointed after all.