What's going there in the US? Exchange rate of USD/EUR just terrible...

Discussion in 'BlackHat Lounge' started by Kikerinka, Oct 3, 2013.

  1. Kikerinka

    Kikerinka Senior Member

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    What's going up there in the US? The exchange rate to EUR is just terrible...
    Eurozone economy struggling badly, I do not get how it is possible that dollar is losing and losing and losing... this actually pretty much hurts earnings of all IM people from Europe, that target US market, what is the majority.

    Is your economy going to collapse or what?
     
  2. agent_mango

    agent_mango Regular Member

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    Government shutdown....Read the news...
     
  3. Azraeil

    Azraeil Junior Member

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    Yea, it really is hurting my earning!
    They better fix their stuff fast :D
     
  4. innocent_kid

    innocent_kid Power Member

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    there is huggeeee strike kinda thing
     
  5. igniteimages

    igniteimages Regular Member

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    On the BBC this morning they were talking about the US defaulting on its debt which if it happened would plunge the world into another recession.

    Not likely to happen but the scare is there.
     
  6. W9go

    W9go Jr. VIP Jr. VIP

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    news ????? us goverment is out of money and on the 17.10 the last $ is gone when they don't extend the limit another time which does not seem to be sure right now.
     
  7. nanavlad

    nanavlad Elite Member

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    Its just politics
    They will extend the limit at the last moment
     
  8. Conor

    Conor Elite Member

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    Rand is still R10 to the dollar here. Nothing new on my side :p
     
  9. euros123dotcom

    euros123dotcom Junior Member

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    This is nothing. The US$ isn't even as low as it was in January 2013. Only in May 2011 the US$ was 1200 points weaker than now, which means: plenty of room for the Dollar to fall even more (Euro becoming stronger) and it would still be "normal". Right now at 1.36 EURUSD on my charts. Nothing to see here.

    If the Euro goes higher: buy stuff on US ebay and sell it on European ebay (currency arbitrage), but only if the shipping costs don't eat up the margin.
     
  10. subster

    subster Jr. VIP Jr. VIP

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    It is a perfect time for trading. Use it fast!
     
  11. Radog

    Radog Registered Member

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    How many times has the euro been bailed out?