EURO vs USD

[Raficoo]

Euro has Broken the Barrier, $1.4061 with a high of 1.4149

[Raficoo]

$1.43676 X.o

[Abou-Eddie]

Euro now at 1.43/1.44. A very rapid decline of the USD. I guess J. Abizeid had it right all along. Credit goes to him for predicting the slide. His analysis was spot on, mine was wrong.

[jolinari]

The euro in Australia against the australian dollar is a shocker!!!
dropped from 0.57 to 0.47 and dropping again...

You got feel sorry for those importing from Europe...ohh and Europe is officially in recession that complete the picture

[admiral]

Originally Posted by Abou-Eddie

Euro now at 1.43/1.44. A very rapid decline of the USD. I guess J. Abizeid had it right all along. Credit goes to him for predicting the slide. His analysis was spot on, mine was wrong.

You surrendered very fast my friend , it was obvious that once euro pushes above 1.30-33 level it was going to rally till 1.40 , and the rate cut of the fed added momentum and speed to the move .

Now the real test for the strength of the euro is to be able to push above 1.48 -1.50 level , once it is able to pass that barrier , i will change my perspective of the USD to negative , and positive for the Euro

[Raficoo]

Euro's now $1.4607, with a high of $1.4719

[J. Abizeid]

Forex Players Look to Stabilization - MarketWatch Video

[yaroushka]

No need to watch action movies nore go to the theatre for entertainment after having followed the ups and downs of the dollar vs euro the past two weeks.........
Can anyone attempt to forecast what might happen the next month?? I urgently need some highlights here, as I am completely lost!

[J. Abizeid]

Originally Posted by yaroushka

No need to watch action movies nore go to the theatre for entertainment after having followed the ups and downs of the dollar vs euro the past two weeks.........
Can anyone attempt to forecast what might happen the next month?? I urgently need some highlights here, as I am completely lost!

Forex Players Look to Stabilization - MarketWatch Video
The euro will beat its own record of $1.60 first quarter of 2009, like it always does.
I wouldn’t be surprised to see it reach $1.85 by the end of 2009.
Europe except for Britain will get out of its recession in the next few months while the US will be going through a deep depression during 2009 and 2010. That’s exactly what Obama means when he says: we will have to do lots of sacrifices before we recover.
Bankrupt economies cannot afford strong currencies.
Take Japan for example, they are in a recession but they have the money to bail themselves out. The US is bankrupt. It needs to either borrow or print more dollars for its bailouts next year. Either way, the dollar pays the price.

[Raficoo]

Euro is back below 1.4, at 1.39725 now