EURO vs USD

[Abufijli]

The American dollar shows no sign of improvement, I suggest whoever has USD to dump it ASAP. My brother in Law is the senior financial advisor to one of the big banks here in Australia and he says it will only get worse.....

The credit crisis in the US, plus some other problems with the dollar will ensure that....

[suomynona]

Originally Posted by Abufijli

The American dollar shows no sign of improvement, I suggest whoever has USD to dump it ASAP. My brother in Law is the senior financial advisor to one of the big banks here in Australia and he says it will only get worse.....

The credit crisis in the US, plus some other problems with the dollar will ensure that....

Can you elaborate?
Thanks.

[Raficoo]

Euro is now 1.53987, seems to be improving from it's Climax

[Raficoo]

Euro has Gone down to 1.53326

"The dollar gained against the euro and other major currencies Wednesday amid jitters about the growth prospects for the German economy, Europe's largest, traders said."

"It now looks likely that the eurozone will be the first major economy to fall into recession."

looks like the Dollar might go up a lil again

[Raficoo]

Update: Euro Has Plunged from 1.53627 to 1.51735 in less than 10 Hours..

seems like the Dollar is improving from its super weak State. let's see how far the Euro will fall

[dodzi]

1€ = 1.511299$ !!!!

**** it is going down faster than it went up!!!

My mom's going to the states next week, can't it wait just a little?

Anyways can anyone tell us if this is related to the decrease in oil prices?

[Raficoo]

Euro is Down to 1.50050

and yes it is a little related to the drop of oil prices

[CPL]

You guys are worrying about minor week-to-week fluctuations. Look at the big picture and see where the Euro was only one year ago, and where it is now on average.

[dodzi]

Originally Posted by CPL

You guys are worrying about minor week-to-week fluctuations. Look at the big picture and see where the Euro was only one year ago, and where it is now on average.

It wasn't minor. It decreased from 1.58 to 1.50 in less than 2 days...

In any case, what I got angry at is that my mother is visiting the states in less than 2 weeks from now... I told her to change her money a month ago coz it was so high but she didn't do it. The fluctuation is actually great, so there will be a great difference in what she might change!

[Raficoo]

EDIT: EURO HAS DROPPED BELOW THE 1.5 Barrier

Its 1.49756 NOW!