Dollar nears one-year high vs. euro

Discussion in 'Community Discussion' started by rasmasyean, Sep 9, 2008.

  1. rasmasyean macrumors 6502a

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    Jul 11, 2008
  2. Schtumple macrumors 601

    Schtumple

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    benkadams.com
    #2
  3. rasmasyean thread starter macrumors 6502a

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    #3
    Phht...thx for the thoroughly deep analysis! :rolleyes:
     
  4. saxman macrumors 6502

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    May 13, 2004
    #4
    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.
     
  5. da2005pizimp macrumors 6502

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    Gilbert, AZ
  6. nanofrog macrumors G4

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    #6
    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
     
  7. donga macrumors 6502a

    donga

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    #7
    it might mean a euro trip is more affordable now...
     
  8. Stampyhead macrumors 68020

    Stampyhead

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    #8
    It's good for me. I just moved to the UK in July so the money I get from my US clients will now be worth a bit more.
     
  9. Unspeaked macrumors 68020

    Unspeaked

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    #9
    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...
     
  10. nanofrog macrumors G4

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    May 6, 2008
    #10
    Yup. :)
    Given a little time, it could spread like a virus. :p
     
  11. scotthayes macrumors 68000

    scotthayes

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    #11
    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.
     
  12. OutThere macrumors 603

    OutThere

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    #12
    This is most excellent as I'm living in France spending $. :)
     
  13. Queso macrumors G4

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    Mar 4, 2006
    #13
    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:
     

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