Dollar falls to record low against the Euro.

[SuperTool]

http://www.nytimes.com/aponlin...amp;partner=ALTAVISTA1
Good: Makes US goods more attractive and cheaper compared to European goods, stock market growing relative to falling USD.
Bad: Makes European and some Asian goods more expensive for Americans. Could lead to serious inflation if China floats or other countries start pricing their natural resources in euros.
Indifferent: China is still tied to USD, so until they float, Chinese goods will be cheap, but US jobs will keep heading there.

 

[burnedout]

Record lows against the ?, but historically, not against European currency.

The D-Mark was permanently fixed at 1.95583 against the ?. Today's close = 0.7406 ?/$. 1.95583*0.7406 = 1.448 DM. The historic low against the DM = 1.344, set on April 19, 1995. Therefore, the ? must appreciate to at least ?1.46 to flirt with true historic, record lows.

Is further appreciation of the ? possible? Certainly. I look forward to greater profits for our multinationals, more business for the USA in the form of tourism, and increased exports, particularly capital goods, if such a scenario occurs.

 

[Engineer]

I don't mind the gradual devaluation of the dollar against the Euro (to a point), but if the damned OPEC breaks with the dollar standard and pegs to the Euro, all heck is going to break loose! :Q

 

[Colt45]

euro vs. dollar

 

[aidanjm]

Originally posted by: Engineer
I don't mind the gradual devaluation of the dollar against the Euro (to a point), but if the damned OPEC breaks with the dollar standard and pegs to the Euro, all heck is going to break loose! :Q

Isn't that almost inevitable at this point? (OPEC moving to Euro)

 

[Aimster]

wow being a European coming to the states is GOLD.

 

[Canndy]

well said Aimster, but coming to canada is paradise. not, it's good go down so the cad $ can be = american $

 

[mossad]

WoOT! WOHOOOO JUMP FOR JOY GOOD ECONOMY!!!! ITS GETTING BETTER !!! OH sorry wrong thread. LMFAO

 

[glenn1]

$1.35 Good or bad, decide for yourself.

Bad for me if I wind up going to Europe next year on vacation rather than the alternatives options I'm considering like Maccu Picchu or Angkor Wat.

 

[SuperTool]

Originally posted by: glenn1

$1.35 Good or bad, decide for yourself.

Bad for me if I wind up going to Europe next year on vacation rather than the alternatives options I'm considering like Maccu Picchu or Angkor Wat.

Consider going to Paris, Las Vegas instead of Paris, France. Also, Venetian, and Monte Carlo 🙂

 

[imported_Condor]

I just wish I had bought a bunch when they were .87!

 

[Zebo]

Still aint low enough to compete with chineese labor. Need about 2000% devaulation since they average out at $150 month.

 

[Steeplerot]

Originally posted by: Condor
I just wish I had bought a bunch when they were .87!

Well with the way things are looking you might be saying that same thing about 1.35 in a year or so.