Guest Posted January 23, 2003 Report Share Posted January 23, 2003 Todays CNBC, the EUR is 1.0710 against the USD. Will it go further to 1.1000 and when? Link to comment Share on other sites More sharing options...
jp1 Posted January 23, 2003 Report Share Posted January 23, 2003 Says Peter1964: Todays CNBC, the EUR is 1.0710 against the USD. Will it go further to 1.1000 and when? When, nobody can answer. This can happen within a couple of days or not at all. Personally I believe that the Euro will further appreciate, at least as long as the threat of war in Iraq is looming. Once this threat is over, or in case of a war, this war is terminated in a short time, the US$ will gain its own old strength again. Link to comment Share on other sites More sharing options...
Guest Posted January 24, 2003 Report Share Posted January 24, 2003 There is money to be made with dollars and futures! Iraq war is not going to happen. Every country involved and on the periphery is trying to take out Saddam to prevent a war. He is a walking target. Wait and see! Link to comment Share on other sites More sharing options...
chilli13 Posted January 25, 2003 Report Share Posted January 25, 2003 I want to believe you & so do most other UK residents! add to that US economy & the $ has been overrated for a while, so settling with saddam won't automatically bring the $ back in favor IMO Link to comment Share on other sites More sharing options...
gummigut Posted January 25, 2003 Report Share Posted January 25, 2003 I'm in the camp that the $ will see an immediate and relatively long lasting appreciation that will approach 5% to the Euro upon the event of a war. Course, all bets are off if the war is prolongued. I can easily see the $ appreciating much further if Sadam does something stupid to harm the environment that affects the middle east and possibly europe and asia. Money is sitting on the sidelines waiting to see how this plays out. When a commitment and resolution is in the offing then more money will be employed. <<burp>> Link to comment Share on other sites More sharing options...
JJsushi Posted January 26, 2003 Report Share Posted January 26, 2003 Says ib13: I want to believe you & so do most other UK residents! add to that US economy & the $ has been overrated for a while, so settling with saddam won't automatically bring the $ back in favor IMO IMO once the outcome of the Iraq crisis is evident, US markets should stage a large rally. You have a ton of institutional money waiting on the sidelines that has to be invested(these guys bonuses depend on it). Don't forget you have a stimulus package that has to morph it's way through Congress. Also keep in mind that after Snow gets his affirmation as Treasury Secretary he will more than likely follow through with a strong dollar policy that the administration has been hinting that they want(something that O'Neil couldn't seem to follow through on). I hope the temporary strength of the Euro will encourage Europeans to maximize their currency strength and purchase more US goods and services. Link to comment Share on other sites More sharing options...
Guest Posted January 26, 2003 Report Share Posted January 26, 2003 Although the upcoming war with Iraq is weighing on the dollar, it has bigger problem than just Iraq. Check out the US trade deficit, buget deficit as a function of GDP, etc.. As a result, the USD has broken a five-year uptrend. (Note: Not even 9/11 put a dent on the strong dollar, so the uptrend breakdown is very significant) I would expect some sort of technical bounce up after the war, but then it would keep on sliding. Short USD, buy Euro and Gold. Link to comment Share on other sites More sharing options...
chilli13 Posted January 26, 2003 Report Share Posted January 26, 2003 lets see I'm no fortune teller... Link to comment Share on other sites More sharing options...
buffalo_bill Posted January 27, 2003 Report Share Posted January 27, 2003 jp1, " the USD will gain it's old strength again " Which one ? At Ronald Reagan time it was 1,65 ? against 1 USD , currently it is 1,08 , 7 years ago it was 0,76 . The only thing less stable than the ? is your avatar. Konitchiwa. Bbill Link to comment Share on other sites More sharing options...
Guest Posted January 27, 2003 Report Share Posted January 27, 2003 Says buffalo_bill: currently it is 1,08 , 7 years ago it was 0,76 . As of today it is 1.09. Link to comment Share on other sites More sharing options...
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