Sidebar Sidebar
Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.

Dollar nears one-year high vs. euro

It can be nothing but good for me. I buy quite a bit of my music supplies (reeds, music, etc) from overseas companies. If the dollar increases value, then some of the price increases I've seen the last few years will ease off a bit. At least I hope.
 
I have electronic component/supplies I prefer to purchase from European vendors. Primarily from Germany, Holland, Denmark, and the UK.

I've had to place such purchases on hold for quite a while now, so I hope it keeps improving. Not just the Euro though. ;) :p
 
Well, this is really a case of the euro (and to a lesser extent the pound) going DOWN and not the dollar going up.

For example, it hasn't climbed (much) versus the Canadian dollar or yen.

Just the recession we've been feeling in the US slowly working its way over to Europe, really...
 
Unspeaked said:
Well, this is really a case of the euro (and to a lesser extent the pound) going DOWN and not the dollar going up.

For example, it hasn't climbed (much) versus the Canadian dollar or yen.

Just the recession we've been feeling in the US slowly working its way over to Europe, really...
Click to expand...
Yup. :)
Given a little time, it could spread like a virus. :p
 
I would mean that my trip to the USA in November just got a little more expensive... If I hadn't bought my dollars at the beginning of the year when I was getting $1.96 for £1.

Still even at the tourist exchange rate of $1.67 for £1 a trip to the USA is still pretty cheap.
 
Unspeaked said:
Well, this is really a case of the euro (and to a lesser extent the pound) going DOWN and not the dollar going up.
Click to expand...
Not entirely. Analysts have been ditching commodities since the prices of oil and metals have been falling. As commodities are traded in US dollars the people buying have been purchasing USD for the trades, and as yet most of those that sold haven't diversified their currency yet.

My prediction? I expect the Pound to stay in the doldrums and the Euro to stabilise. £1 = €1.15 before too long :eek:
 
You must log in or register to reply here.
Register on MacRumors! This sidebar will go away, and you'll see fewer ads.
Top Bottom
Back