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Euro Down Against the Dollar to All Time Low
Posted on 7/5/22 at 10:36 am
Posted on 7/5/22 at 10:36 am
I’m not a big currency or exchange guy. I got a C in International Finance because of extra credit. 
With that said, this collapse should prove to be an investment opportunity as does any collapse. I’ll readily admit I’m not astute enough to know what that move is, so I’ve come to the Money Board. What are the ballers doing with this situation? What’s the winning investment thesis here?
With that said, this collapse should prove to be an investment opportunity as does any collapse. I’ll readily admit I’m not astute enough to know what that move is, so I’ve come to the Money Board. What are the ballers doing with this situation? What’s the winning investment thesis here?
5
Posted on 7/5/22 at 10:48 am to Aubie Spr96
European vacation
Posted on 7/5/22 at 10:49 am to Aubie Spr96
quote:
Euro Down Against the Dollar to All Time Low
that isn't accurate
Posted on 7/5/22 at 11:30 am to Aubie Spr96
Eh just wait til next week when Russia shuts off NordStream 1 for maintenance, guarantee about halfway through the 10 day shutdown they'll find something that will preclude them from restarting for a few months. That along with the Norwegian O&G protest will shoot gas through what remaining of Europe's "roof" and then you'll see a garbage euro.
Posted on 7/5/22 at 11:36 am to iAmBatman
This is not an all time low for Euro vs $.
Why the down votes? Dollar was briefly worth more than Euro when it debuted as a physical currency in 2002 and as an invisible currency prior). I remember being glad to no longer carry $, Deutsche Marks, Dutch Guilder, and occasionally Belgian Francs while living in the tri-border area. Trying to figure out $ equivalent pricing was a headache and almost no one took credit cards.
Why the down votes? Dollar was briefly worth more than Euro when it debuted as a physical currency in 2002 and as an invisible currency prior). I remember being glad to no longer carry $, Deutsche Marks, Dutch Guilder, and occasionally Belgian Francs while living in the tri-border area. Trying to figure out $ equivalent pricing was a headache and almost no one took credit cards.
Posted on 7/5/22 at 11:55 am to TorchtheFlyingTiger
Take it up with CNBC.
They’ve been talking about it all morning, but no one has presented an investment thesis yet.
They’ve been talking about it all morning, but no one has presented an investment thesis yet.
Posted on 7/5/22 at 4:06 pm to Aubie Spr96
20 year low. Down to 1 to 1.02 this afternoon. As bumbling as DC is today, Europe says "hold my beer."
https://www.bloomberg.com/quote/EURUSD:CUR
Might be an opportunity brewing, but not sure the best way of taking a position.
https://www.bloomberg.com/quote/EURUSD:CUR
Might be an opportunity brewing, but not sure the best way of taking a position.
This post was edited on 7/5/22 at 4:09 pm
Posted on 7/5/22 at 5:34 pm to Aubie Spr96
USD being global reserve along with the fact that other central banks are actually WORSE than the Federal Reserve means the USD is kicking the arse of just about all other currencies atm
it's a weird setup with a HIGH dollar and HIGH inflation ... gunna frick up some emerging markets into even the developed world (you're up Japan)
it's a weird setup with a HIGH dollar and HIGH inflation ... gunna frick up some emerging markets into even the developed world (you're up Japan)
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