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Old 11-02-2014, 07:29 PM   #1
CAHEK
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Euro Suddenly Crashes Low Since 2012

1USD=1.247 Euro

Plunging to the weakest level since August 2012

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Old 11-02-2014, 07:30 PM   #2
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IMHO it's got further to go down.
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Old 11-02-2014, 07:36 PM   #3
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i do not complain
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Old 11-02-2014, 07:58 PM   #4
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i do not complain
me neither
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Old 11-02-2014, 08:07 PM   #5
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Not really, the US Dollar has spiked up:
http://quotes.ino.com/charting/index...=&a=&w=&v=dmax
The Euro economic zone has very little inflation (bordering deflation). Euro zone prices and buying power within the Euro zone of domestically produced products are about the same. Euro zone imports will be effected and Euro zone import costs will rise, probably returning inflation to the 2% levels that the ECB would prefer.

So, it isn't a crash but a correction -- the Euro being worth less than a dollar would be a crash.

The Russian Ruble is a better example of a crash: http://quotes.ino.com/charting/?s=CME_6R.X14.E

Last edited by Barry-xlovecam; 11-02-2014 at 08:09 PM..
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Old 11-02-2014, 08:10 PM   #6
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The Russian Ruble is a better example of a crash: http://quotes.ino.com/charting/?s=CME_6R.X14.E
plus 8% inflation and a dropping oil price
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Old 11-02-2014, 08:32 PM   #7
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plus 8% inflation and a dropping oil price
we now know how they do war nowadays...
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Old 11-03-2014, 05:13 AM   #8
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Should be one to one anyway.
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Old 11-03-2014, 10:02 AM   #9
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Not really, the US Dollar has spiked up:
Exactly correct.......... We're getting dollar strength right now which is why commodities are also going down.
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Old 11-03-2014, 10:15 AM   #10
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we now know how they do war nowadays...
It sort of does make you wonder if this is just a way to strangle Russia or ISIS.
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Old 11-03-2014, 10:20 AM   #11
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You should see the Japanese Yen
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Old 11-03-2014, 10:26 AM   #12
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I really doubt this dollar strength is gonna stay for long. It is bad for US exports but since the US doesn't export much, that's no major issue.

The main issue is that the US has an inflation target of above 2% and currently has a strong leaning toward deflation. So hence if you have a strong dollar, you have weaker inflation so the FED will be aiming to weaking the dollar and get inflation higher. They must secretly know about QE4 (its already been hinted at) so I guess it must be coming within a year or so but even if it doesn't, we will not see higher rates for many years.

You can't fight the FED.
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Old 11-03-2014, 10:47 AM   #13
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SO looking forward to the £ going way down.
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Old 11-03-2014, 10:57 AM   #14
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The Yen has been totally pummelled because of the QE over there........ sooner or later theyre gonna hyperinflate.

Anyone know if property is getting a lot cheaper in Tokyo in USD terms?
Or is the QE in fact causing compensatory asset price inflation?
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Old 01-04-2015, 08:05 PM   #15
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Bidless Euro Crashes To Level Not Seen Since March 2006
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Old 01-04-2015, 08:19 PM   #16
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just looked - 1.19 - that is fantastic
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Old 01-04-2015, 08:27 PM   #17
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i hope that it will stay like that longer
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Old 01-04-2015, 08:30 PM   #18
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right now we earn about 50% more on $1000 than in 2008
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Old 01-04-2015, 08:48 PM   #19
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Good. I'm about to travel there.
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Old 01-15-2015, 11:26 AM   #20
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today update - 1.16
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Old 01-15-2015, 11:33 AM   #21
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A cartoonist drew this picture of me, just today:


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Old 01-15-2015, 01:34 PM   #22
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right now we earn about 50% more on $1000 than in 2008
Understand now, you are earning in dollars...

I wondered as I thought strange you were welcoming the weakening of your currency.
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Old 01-16-2015, 02:18 AM   #23
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It sort of does make you wonder if this is just a way to strangle Russia or ISIS.
or probably both?
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Old 01-16-2015, 02:27 AM   #24
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or probably both?
How does it affect them? Both derive revenues from oil which is priced in USD. As for EUR/RUB cross trade, well the Ruble is massively lower already.

This is just another step in the currency wars, however the ECB has been experiencing deflation and is now set to announce massive QE which is why the swiss cut ties yesterday. And money is flooding into all the safe havens and partly because its aware that the Euro is going to fall a lot further when that happens. There's also a small risk of the USD doing QE4 this year or next year to help go into line with japan and euro zone, because dollar is too strong and because critics say the talk of raising rates is basically just a ruse to make it look like the economy is stronger than it really is. A lot of people are once again talking about EUR/USD parity which, this time, could actually happen.

If I were you, i'd keep hold of your USD and/or have a small diversification (10% - 20%) into a non-government form of money like gold and silver.
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Old 01-16-2015, 07:00 AM   #25
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Oil dropping fast.
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Old 01-16-2015, 08:52 AM   #26
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1USD=1.247 Euro

Plunging to the weakest level since August 2012

it's vice versa, 1EUR=1.247US
this went to 1.16 today.
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Old 01-16-2015, 11:37 AM   #27
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What to do... change all in eur or keep in usd Fuck
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Old 01-16-2015, 12:30 PM   #28
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my deposit is in US$ so that's good.
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Old 01-16-2015, 01:03 PM   #29
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It's not the EUR going down, it's the USD going up, on the coat tails of the dropping price of oil.
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Old 01-16-2015, 01:23 PM   #30
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1 Euro equals
1.15 US Dollar
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