So how do you feel about the EURO?

Soothsayer · Dec 19, 2003

I'm wondering whether you feel our US Dollar will manage to climb itself out of the hole some time soon? Or are you already investing in Euros?

Do any of you bet on an international currency vs the US Dollar currently?

Soothsayer

MudSlideSlim · Dec 19, 2003

even saddam knew which money to have. he had 750 large in usd not euros

hanover00 · Dec 19, 2003

I've been closing Euro and Swiss Franc positions over the past 10 days. We've seen a short term bottom in the dollar.

BTW, when currency news hits the headlines like it has the past two weeks, it's time to fade it.

andynbg · Dec 19, 2003

Feel lucky your Dollar is so weak at the moment. That is what Bush wanted to have for weakening Europe. It is great for your economy to have such an exchange rate. Compare our European Exports to your Exports now and feel lucky with the current situation. Furthermore this is no a short term low - you will see the rate at 1.25 Dollars for 1 Euro by mid spring next year for a medium term.

hanover00 · Dec 19, 2003

andynbg is right. The US Gov has used every possible means to weaken the dollar in order to rev up the economy. Trouble is, they've created a bubble in the Euro. Most agree that the relative values don't reflect the growth prospects of the two regions.