Euro sinks to 11-1/2-year low

Discussion in 'Newsstand' started by tom911, Mar 5, 2015.  |  Print Topic

  1. tom911
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    tom911 Gold Member

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    http://www.reuters.com/article/2015/03/05/us-markets-global-idUSKBN0M101N20150305
     
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  2. uggboy
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    uggboy Gold Member

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    While good news for some :), it's bad news for people living within the Euro zone. :(
     
  3. tom911
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    Hopefully those folks in the Euro zone stocked up when it was $1.60 for a Euro a few years ago. They've had a long time to benefit from the exchange rate in their favor.

    Below $1.09 this morning. I saw one forecast that indicated we could see 1:1 by year end, but starting to wonder if we might see that by summer instead. I remember traveling in Europe when the Euro was down around 89 cents at one point, so nice to see some value returning for U.S. travelers. Wasn't the Euro introduced at 1:1?
     
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  4. Mirror74

    Mirror74 Gold Member

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    Yes, you are right... but we from Eurozone will just go to countries other than those using USD... and Americans will come to Europe and boost our economy... so not all bad news...
     
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  5. tom911
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    I'll be there Tuesday doing my part :)
     
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  6. tom911
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    Some Euro-USD history:
    http://finance.yahoo.com/news/euro-hits-12-low-parity-dollar-looms-123434508--finance.html
     
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  7. LarryInNYC

    LarryInNYC Gold Member

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    Mixed news, rather. A decline in purchasing power, but a boost to export and tourism related industries.
     
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  8. uggboy
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    Well said.
     
  9. tom911
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    tom911 Gold Member

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    Below $1.07 tonight. Last month I paid $1.14. Wonder if we will be down to 1:1 for my Madrid and Berlin trip in April.

    Tom in Dublin, Ireland
     
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