Euro drops to parity with dollar

Discussion in 'The Guru's Pub' started by Horus-Anhur, Jul 12, 2022.

  1. Horus-Anhur

    Horus-Anhur Ancient Guru

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    Euro drops to 20-year low, approaches parity with dollar



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    First I must ask people to try to keep politics out of this thread, or it will get closed, as several others have been. Especially with regards to the war in Ukraine.

    The purpose for me to open this thread is for European consumers to talk about the possibility of this drop in the Euro value, to have in increase hardware prices.
    Just when we thought GPU prices were about to normalize. :(
     
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  2. fantaskarsef

    fantaskarsef Ancient Guru

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    It's impossible to keep politics out of this, when this happens because of politics, and can only be ended with politics. :rolleyes:

    Also, if anything, EU prices will increase even further, and that while we already paid premium compared to the US. We used to pay 10% more than USD MSRP as EUR MSRP, and now it will only get worse.
    Maybe this time around it will make sense to order hardware in the US and let it be sent to the EU.
    All in all, I in Austria with a decent salary am good, but I really see the chit hit the fan with lower income EU countries, which still pay the mentioned extra on top.
     
  3. Undying

    Undying Ancient Guru

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  4. XP-200

    XP-200 Ancient Guru

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    ^^^That might be how a large portion of the globe will be heating our homes over the next few years, no joke! :(
     
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  5. fantaskarsef

    fantaskarsef Ancient Guru

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    Well everybody outside of Europe is running business as usual, or at least, like it used to be 6 months ago. Don't think other parts of the world actually have issues as big as these.
     
  6. Denial

    Denial Ancient Guru

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    Can we blame joe biden for this too?
     
  7. haste

    haste Ancient Guru

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    For sure...
    NASDAQ Composite Index: -3,858.70 (-25.41%) in past 6 months
     
  8. Brasky

    Brasky Ancient Guru

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    Maybe, but he's senile so it won't make any sense. You can try and blame kamala but she's just as stupid, but doesn't have the excuse of age.
     
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  9. aufkrawall2

    aufkrawall2 Ancient Guru

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    So no-COVID total lockdown of millions of people or mass shootings every few days are smaller issues? Interesting perspective...
     
  10. fantaskarsef

    fantaskarsef Ancient Guru

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    I should have been more specific, since I was referring to a major energy crisis, only added to by the war in UA. Lockdowns, we had those too to be honest. Mass shootings, not so much. Although it's easy to realize it's a topic in some countries.
     
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  11. cucaulay malkin

    cucaulay malkin Ancient Guru

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    the whole eu is absolutely f***ed atm
     
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  12. Loobyluggs

    Loobyluggs Ancient Guru

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    eurusd cur.jpeg

    It is all in balance, nothing to worry about, the markets are aligned right now.
     
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  13. Pryme

    Pryme Member Guru

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    Central Bank having fun with the money printer and think that would not have consequences? Inflation out of control and still dont raise interest rates? Many people dont really know what is comming. Winter is comming.
     
  14. fantaskarsef

    fantaskarsef Ancient Guru

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    Don't get me wrong but this graph only shows that the USD is rising, and the three others are falling. Not more that it shows, or did I miss something?
     
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  15. Horus-Anhur

    Horus-Anhur Ancient Guru

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  16. DannyD

    DannyD Ancient Guru

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    The pound is way down on the dollar, noticed this a last week or so, no sign of it improving.
     
  17. Loobyluggs

    Loobyluggs Ancient Guru

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    It's over a five year period, these numbers are exactly where you would expect them to be, and so, the markets are aligned and are correlated.

    If everything is good - no where is bad; if everything is bad - no where is good.
     
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  18. fantaskarsef

    fantaskarsef Ancient Guru

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    Thanks for explaining. To me it only looks like a certain somebody's plans are working and e.g. the three markets are screwed, but not how that should not worry me sitting in one of them.
     
  19. Valken

    Valken Ancient Guru

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    Time to buy European. It is a good time if you have USD or other currency pegged to USD, seriously...
     
  20. Horus-Anhur

    Horus-Anhur Ancient Guru

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    The GBP is also in free fall, against the dollar.
    And is now worth almost as much as the Euro.

    Untitled.png
     
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