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Strengthening dollar?

  • 15-08-2008 08:34AM
    #1
    digiman
    Registered Users, Registered Users 2 Posts: 4,276 ✭✭✭


    Looks like the dollar is gaining some strength again. Any of you financial heads know why this is? July 21st it was at 1.58 and today its at 1.48, good news for Irish poker players anyway.

    I'm going to Vegas in October, would it be advisable to buy some dollars for the trip now and buy the rest in October in case it gains in strength. I know this is a bit of a gamble in a way but surely you can sort of minimise your loses by doing this.


Comments

  • #2
    El Stuntman
    Closed Accounts Posts: 4,720 ✭✭✭El Stuntman


    in short, no unless you are dealing in commercial volumes i.e. greater than 1 million

    and the USD is uber-fcuked long-term, it's a debased currency


  • #3
    jimbling
    Registered Users, Registered Users 2 Posts: 4,051 ✭✭✭jimbling


    digiman wrote: »
    Looks like the dollar is gaining some strength again. Any of you financial heads know why this is? July 21st it was at 1.58 and today its at 1.48, good news for Irish poker players anyway.

    ah, it may not last, but its nice to hear all the same..... I forgot to take last months 6k tourney win out of my ps account..... must remember to do that tonight :D


  • #4
    ollyk1
    Closed Accounts Posts: 2,533 ✭✭✭ollyk1


    Just as I'm about to hit NY for my final US shopping spree the dollar goes and strengthens :(

    I'm hoping for some unexpected bad news from the US pretty soon.....


  • #5
    El Stuntman
    Closed Accounts Posts: 4,720 ✭✭✭El Stuntman


    ollyk1 wrote: »
    Just as I'm about to hit NY for my final US shopping spree the dollar goes and strengthens :(

    I'm hoping for some unexpected bad news from the US pretty soon.....

    don't worry olly, your dodgy pink ties will still be a bargain!

    bold statement: I expect to see a rate of 2 within 3 years. It's the auld fundamentals, dontcha see


  • #6
    ollyk1
    Closed Accounts Posts: 2,533 ✭✭✭ollyk1


    El Stuntman wrote: »
    don't worry olly, your dodgy pink ties will still be a bargain!

    bold statement: I expect to see a rate of 2 within 3 years. It's the auld fundamentals, dontcha see

    Well judging by how cheap the property is in the US and how cheap everything is in fact I think Ireland/UK/Spain have a lot of pain to go through before they get their economies in order. The euro may not strengthen much more.

    On the other hand if you are right ElS I think I'll move to the Bahamas on a permanent basis. Cracking spot and only 70 miles from Florida but with no income tax.

    P.S. I think I've forgotten what a tie is much less a dodgy pink one. ;)


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  • #7
    kpnuts
    Registered Users, Registered Users 2 Posts: 837 ✭✭✭kpnuts


    Just when I hit a losing (in dollars) streak, the dollar strengthens. Marvellous.


  • #8
    El Stuntman
    Closed Accounts Posts: 4,720 ✭✭✭El Stuntman


    ollyk1 wrote: »
    Well judging by how cheap the property is in the US and how cheap everything is in fact I think Ireland/UK/Spain have a lot of pain to go through before they get their economies in order. The euro may not strengthen much more.

    On the other hand if you are right ElS I think I'll move to the Bahamas on a permanent basis. Cracking spot and only 70 miles from Florida but with no income tax.

    P.S. I think I've forgotten what a tie is much less a dodgy pink one. ;)

    no income tax....drools

    er, the holiday mood may have fried your brain but I think you'll find that the UK isn't in the Eurozone! And Ireland and Spain are, how I can put this delicately, 'peripheral basket cases' ;)

    now repeat after me: Germany, Germany, Germany, Germany (where they save and export, save and export, save and export blah blah)


  • #9
    ollyk1
    Closed Accounts Posts: 2,533 ✭✭✭ollyk1


    El Stuntman wrote: »
    no income tax....drools

    I know:rolleyes: I've been hanging out with some filthy rich types by the pool here and getting ideas.....;)
    El Stuntman wrote: »
    er, the holiday mood may have fried your brain but I think you'll find that the UK isn't in the Eurozone! And Ireland and Spain are, how I can put this delicately, 'peripheral basket cases' ;)

    But the UK is a close trading partner of the eurozone and therefore a depressed UK economy should depress the eurozone somewhat. No??:confused:

    El Stuntman wrote: »
    now repeat after me: Germany, Germany, Germany, Germany (where they save and export, save and export, save and export blah blah)

    You could be right in respect of ze Germans - I think an extensive fact finding mission is in order. I volunteer to go. :D Will report back by February.....


  • #10
    ITT-Pat
    Registered Users, Registered Users 2 Posts: 3,213 ✭✭✭ITT-Pat


    lads i think this sort of talk belongs in the BBV;)


  • #11
    ollyk1
    Closed Accounts Posts: 2,533 ✭✭✭ollyk1


    digiman wrote: »
    Looks like the dollar is gaining some strength again. Any of you financial heads know why this is? July 21st it was at 1.58 and today its at 1.48, good news for Irish poker players anyway.

    I'm going to Vegas in October, would it be advisable to buy some dollars for the trip now and buy the rest in October in case it gains in strength. I know this is a bit of a gamble in a way but surely you can sort of minimise your loses by doing this.


    Actually the best thing to do (and a guaranteed way to save money) would be to buy dollars of some winning Irish degenerate who is coming back from Vegas before he goes and gets hammered by the banks screwing him over on the exchange rate than you can at least console yourself with the knowledge that you saved a few quid that way irrespective of how the dollar moves between now and October.

    Spencer James or LL or whoever is coming back from the States might be good men to talk too.
    ITT-Pat wrote:
    lads i think this sort of talk belongs in the BBV

    Of course you are probably right sir. And congrats on passing the driving text I must tell you the story of my glorious driving test failure some time!!


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  • #12
    El Stuntman
    Closed Accounts Posts: 4,720 ✭✭✭El Stuntman


    ollyk1 wrote: »
    I know:rolleyes: I've been hanging out with some filthy rich types by the pool here and getting ideas.....;)

    lifestyles of the rich and famous eh. We're drowing here and the bust is getting bustier. you bollox :P
    ollyk1 wrote: »
    But the UK is a close trading partner of the eurozone and therefore a depressed UK economy should depress the eurozone somewhat. No??:confused:

    the US is a close trading partner of the Eurozone, does the same logic apply there. Go and have another pina colada. you bollox :P
    ollyk1 wrote: »
    You could be right in respect of ze Germans - I think an extensive fact finding mission is in order. I volunteer to go. :D Will report back by February.....

    I think a winter in Rostock might be just the thing you need :rolleyes:


  • #13
    tomturpin
    Closed Accounts Posts: 3 ✭tomturpin


    The $ stregthens when oil price fall @ the mo., but unfortunately FX exchange rates isnt that straight forward......
    here's the outlook for the $
    http://www.bloomberg.com/apps/news?pid=20602081&sid=aqWmY9f46pwU&refer=benchmark_currency_rates


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