euro vs dollar
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27 Oct 2008, 08:22
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howdiedo crossfirerers!
Maybe they aren't registered yet, maybe they're still asleep, maybe they are not willing to help me out but:
I was looking for some smart crossfire users who could tell me more about the relation between the dollar ($) and the euro (€) and most important, what's most likely that will hapen in the near future: will the dollar have the same value as the euro or will the euro pwnz the dollar?
danke sehr,
FexZmeister
Maybe they aren't registered yet, maybe they're still asleep, maybe they are not willing to help me out but:
I was looking for some smart crossfire users who could tell me more about the relation between the dollar ($) and the euro (€) and most important, what's most likely that will hapen in the near future: will the dollar have the same value as the euro or will the euro pwnz the dollar?
danke sehr,
FexZmeister
Knda hard to get proper information on this though... Two weeks ago I asked some information about this at a bank, back then the euro was still $1.36.
They told me that probably by the end of the year the dollar would end up by $1.32.
Now, two weeks later its $1.26 and I am becoming a sand panda more and more.
Especially when I think about the fact the euro used to be $1.60 only few months ago.
e: i heard when the oil price drops, the dollar gets stronger. when the oil price rises, the dollar gets weaker. Don't know the relation between both but it figures somehow.
My opinion is that euro > dollar. But it really hard to predict what will happen on global markets in next, i say, two weeks. So my advice is to keep your savings in currency of your country - it is hard to believe that inflation will rise, all smart heads are thinking about this, so they will keep inflation at low level - and it is major danger for your money. So unless inflation rise to more then 10 per cent you should keep money in currency of your country. it's more safe then risking a lot on global markets.
Euro > Dollar
end of story
probably cos they can't afford to buy anything at the moment, so less USD in the world economy, which would increase demand in-turn increase dollar value.
i'm not to sure now, but i know a while ago like 3months, they knocked off like 10billion dollars in the trade deficit balance in like a month, which also caused the USD to gain strength.
however now, with the world economy as it is could be multiple factors.
Funny to see how this money system works, US in trouble and then their currency getting strong... isn it weaird a bit ?
I guess its a new ballon that will blow in the near future and dollar will fall back to 70% of the current value.
Other case is the oil price.. fucking pointless, i mean the whole
The advice is simple. Don't buy (or sell) your currency but invest in stocks since those are low atm. Find a stock of which you feel certain it will survive the crisis and will pick up after the crisis and buy some. Then grow a pair of balls and dont sell them till the crisis is over.
then again, in the last 8 years we made much much more :o)
being a person with load of money in the bank doesnt have nothing to do with me being jewish 8D
my parents are normal people :~>
brb making me food :(
Now can I make a lot of money?
http://news.bbc.co.uk/1/hi/business/7692559.stm
Global shares continue to slide
European markets have fallen sharply in morning trade, touching five-year lows, as investors continue to fret about the depth of the global economic slowdown.
i would like to help, however im still on first year of economy :<
they've done that due to the unstable situation in the global market and believe investing in their own country is the best option at the moment
so the strength of the currency isn't directly connected with the economic situation in the US nor the oil price as earlier stated
doesn't matter which currency to invest in; flip a coin or ask a blond girl