EURO vs USD - Page 29 - The Orange Room

J. Abizeid

Quote:

Originally Posted by Raficoo

1Euro= $1.47830.. slowly Decreasing..

Raficoo, Raficoo,
Where have you been when we needed you the most?
I hope you stick around for the next few weeks.

Raficoo

Quote:

Originally Posted by J. Abizeid

Raficoo, Raficoo,
Where have you been when we needed you the most?
I hope you stick around for the next few weeks.

hehe no worries.. i'll be here .. even if(or when

) Euro reaches $1.9

but for now.. let me enjoy what's left of the Dollar

Venom

am buying euro below 1.45

J. Abizeid

Quote:

Originally Posted by Venom

am buying euro below 1.45

Sorry, I’m not selling

Raficoo

1EUR= $1.47040.. let's see if it can get below 1.47 :)

Zouxi

j.abizeid, will the euro reach 1.6?

J. Abizeid

Quote:

Originally Posted by Zouxi

j.abizeid, will the euro reach 1.6?

There is a way to reduce stress about this issue by splitting your investments between LL and euros but definitely not USD. You get excellent interest return on your LL and if/when the dollar reached the preset bottom by the last G20 meeting, Lebanon will be under pressure to decouple the LL possibly to 1.300/$ in order to fight inflation and high gas prices. I believe the Saudi and Chinese currencies are great to own as well, they will be under the same pressure to let them go up. As far as euro, I think this is one of the most honest currencies because it is not pegged to anything; what you see is what you get. The fluctuation in the dollar vs. the rest of the world currencies is caused by manipulation above and beyond the average investor.
It is understood but not advertised enough that the US accepted with the G20 consent for a gradual devaluation of the dollar as an alternative for printing more dollars for stimulus without increasing interest rates in order to help stabilize the real estate market first. Obama has been saying repeatedly inflation is not his priority for now. That means weaker dollar.
No one knows what the preset value is for the dollar but it is safe to say the euro will eventually beat its own record. If the dollar loses the same percentage as the real-estate and most US stocks did, I assume the dollar will lose a total of up to 45% which means around $1.75 to the euro. It might be planned over a period of many months. Apparently, when things start snowballing the world banks from Japan, China and Europe start buying dollars in order to stabilize the situation but it is a mater of weeks before things get back on track for the dollar demise.
Another fact is that Universal Peak Oil has been reached while most of the world industrialized nations getting out of recession sterted increasing demand with not enough supply of affordable oil. It is almost certain oil prices are on the rise unless the world comes up with alternative energy. In either case that is not in the best interest of the dollar especially when the world energy decouples from the petrodollar system.