The U.S. Dollar vs. The Euro

The U S Dollar Vs Euro - Politics, Business, Civil, History - Posted: 24th Jun, 2005 - 7:22pm

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Which one is going to rule the world economy?
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  • Post Date: 27th Dec, 2003 - 7:14am / Post ID: #


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    The U.S. Dollar vs. The Euro

    How low will it go? What does it mean? How will it affect you, if at all?

    Drop of the Dollar
    Dollar's Drop Becomes Ominous -Investors
    Sunday December 21, 12:43 PM EST
    By Nick Olivari

    NEW YORK (Reuters) - After months of looking at nothing but the bright side of a weaker dollar, investors are starting to look at the dark side of its struggle against the euro.
    Demand for the dollar has been dampened by concerns about the widening U.S. current account deficit and expectations that benchmark U.S. interest rates will remain low.
    For most of the past six months, that was seen as positive for the most part, as U.S. goods and services become cheaper compared with those produced overseas. Now though, investors are looking at the pace of the dollar's decline, fearing that an orderly drop in demand may turn into a rout.
    ==================================================

    Roz


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    Post Date: 27th Dec, 2003 - 4:14pm / Post ID: #


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    Euro vs Dollar US The

    Well, mostly it won't have any effect on me directly, because I don't travel. If I were going to Europe right now, then the impact would be greater. It might make that BMW motorcycle I want cost even more. If it lasts, I suppose there will be some effect on me. US business will be impacted. Yet, I don't see how it hurts me.

    I imagine european imported goods would become more expensive which would mean higher prices, but this would just make US goods relatively more affordable. It should help make tourists from Europe find it more affordable to come to the US. Should make it easier to sell US goods in Europe too because they will be more affordable in Europe.


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    Post Date: 1st Jan, 2004 - 9:19pm / Post ID: #


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    The U.S. Dollar vs. The Euro History & Civil Business Politics

    From another discussion group I audit:

    QUOTE
    From Bloomberg. This is a MOST important story. It says that many major producers are not willing to let the price of oil fall (not that it was going to in any event from recent trading patterns) as long as the USD is weak overseas. In other words, while we are not yet off a USD standard for buying oil, we are moving rapidly towards a USD purchasing power index for pricing crude.

    We can therefore wonder if a falling USD is any good for the US economy at all.
    If the US is quietly encouraging a depreciation of its currency to goose the
    economy, then in large measure rising oil prices will strip this away.

    We might also ask what happens now to Natural Gas prices. If there is dual
    pricing capability for many firms who can use both commodities, then a rising
    price of oil automatically means a rising price of NG.


    Bloomberg Story on Oil and Dollar
    Crude Oil Rises on Speculation U.S. Dollar May Slide Further
    Dec. 31 (Bloomberg) -- Crude oil rose for a second day in New York on
    speculation the dollar will extend its record lows against the euro, which may
    prompt non-U.S. producers to boost prices to maintain the spending power of
    their oil receipts.
    ===============end snips====================
    So if oil prices rise as a result of the dollar declining, our cost of gasoline goes up. Not that there aren't a lot of other factors involved in oil and gas prices, but this is another affect of the euro vs. dollar competition.

    Roz

    Attached Image Edited: FarSeer on 1st Jan, 2004 - 9:23pm


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    Post Date: 2nd Jan, 2004 - 4:21pm / Post ID: #


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    Euro vs Dollar US The

    CNBC's The The Answer Desk, by John W. Schoen speaks about the effect of the weak/strong US dollar:

    QUOTE
    Are you better off with a weak dollar or a strong one?

    The answer is: As long as you stay home, a weak dollar is good for your country. Think about it. We have a hard time these days making stuff in the U.S. at a price that's competitive with products made in, say, Mexico. One big reason is that the dollar is so strong relative to the Mexican peso. If you work in a Ford plant on a car that's going to be sold overseas, you love the weak dollar. It makes American products much cheaper to the rest of the world, helps American companies sell more, which keeps more manufacturing jobs from going to China - which, by the way, doesn't let its currency float and, thus, gets an unfair advantage. (But that's another column.)

    So doesn't a weak dollar eventually hurt the U.S.? Make us less competitive? Weaken our status as the world's currency? (You still don't hear about drug kingpins getting busted with millions of Japanese yen in cash, do you?)

    Yes, it could eventually catch up with us. But the dollar has survived much worse "devaluations" in the past, with no lasting harmful effect. From 1985 to 1988, for example, the dollar lost roughly half its value - against the then-dominant Japanese yen and German Deutsche mark. But German unification and Japan's decade-long recession took the wind out of those currency's sails. Never say never; but there don't seem to be any signs, yet, that the world is ready to cash out their dollars.

    https://msnbc.msn.com/id/3403854/


    Kind of what I said, for the most part, if you stay home this isn't necessarily a bad thing.

    Attached Image Edited: tenaheff on 2nd Jan, 2004 - 4:24pm


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    Post Date: 25th May, 2005 - 1:13pm / Post ID: #


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    Euro vs Dollar US The

    At the increasing rate the Euro is gaining on the US Dollar for me the only thing that could pull it down is:

    1. War in Europe
    2. The Union loses some of its members

    Neither of those seem close at hand so the Euro will continue to rise for sure. I still remember the days when it was half the rate of the US Dollar - that was about six years ago.


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    Post Date: 9th Jun, 2005 - 10:27pm / Post ID: #

    Lorandm
    The U.S. Dollar vs. The Euro
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    The U.S. Dollar vs. The Euro

    I wouldn't worry about the us dollar vs. euro issue.

    The recent vote for the european constitution all across the old continent just calmed down the race. Holland, France and soon Great Britain and Germany will vote againts the constitution. Of course it's just a referendum, but shows how europeans feel about uniting the continent.

    My guess is that we'll see a good european constitution only in 2007, when more countries will begin negotiations to adhere to the EU. Then will see some big issues regarding this matter.

    Post Date: 11th Jun, 2005 - 11:35pm / Post ID: #


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    The U.S. Dollar vs. Euro

    At the moment this is the current rate for Euros as compared to other monetary denominations around the world. From Germannews.com:

    Selected currencies:
    US (1 US$) 0.8116 Euro
    Canada (1 Cdn$) 0.6514 Euro
    Britain (1 Pound) 1.4887 Euro
    Switzerland (100 SFr) 65.231 Euro
    Japan (100 Y) 0.7602 Euro
    Sweden (100 SKr) 10.928 Euro
    South Africa (100 R) 12.210 Euro


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    Post Date: 24th Jun, 2005 - 7:22pm / Post ID: #


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    The U.S. Dollar vs. Euro

    QUOTE (lorandm @ 9-Jun 05, 5:27 PM)
    I wouldn't worry about the us dollar vs. euro issue.

    I agree, that's nothing to worry about for now, especially since for the last period, the exchange rate was kinda stabile.

    QUOTE
    Holland, France and soon Great Britain and Germany will vote againts the constitution. Of course it's just a referendum, but shows how europeans feel about uniting the continent.


    Germany approved already the European Constitution, but not with a referendum - with a vote of the Parliament. Probably if they would have made a referendum, the result would have been similar to France.

    QUOTE
    My guess is that we'll see a good european constitution only in 2007, when more countries will begin negotiations to adhere to the EU. Then will see some big issues regarding this matter.


    I think you're wrong on this one ... a good european constitution? WITH MORE countries? You must be joking. They can't follow a line with the current number of countries. What make you think that a bigger number of countries will induce a better dialog between them?


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