Euro - Dollar

RoadKillTs

Seen there last night PP have a bet on for the Euro reaching parity with the Dollar by the end of the year. 10/1 odds. Seems prity good odds to me.

It has dropped from 1.45 to 1.22 in about four months.

Link

Amigomenor

No chance of this happening. Pointless speculation.

RoadKillTs

No chance of this happening. Pointless speculation.

If it can drop 23 cent in four months why cant it drop another 22 cent in 6 months?

Time will tell I suppose.

coughlan08

RoadKillTs wrote: »

If it can drop 23 cent in four months why cant it drop another 22 cent in 6 months?

Time will tell I suppose.

this is from a highly respectful german economist,
personally i cant see it going down in value much more tbh..
its all those greek c**ts,,,:mad:

EURO goes in the CRAPPER......Euro could reach parity with dollar: German economist
German economist
Sun May 9, 6:58 AM
BERLIN (AFP) - Battered by the Greek fiscal crisis, the euro could weaken to the point of parity with the US dollar, a top German economist said Sunday, as others warned of inflation in Europe's biggest economy.

"As long as uncertainty over Greece and other countries on the periphery of the euro area continues, the euro will remain under pressure," Thomas Mayer, chief economist at Deutsche Bank, told the Bild am Sonntag weekly.

"I think we could soon see 1.20 against the dollar and a further decline in the direction of parity is definitely possible," added Mayer.

On Friday, as volatile markets closed for the week, the euro fetched 1.2755 dollars as investors warned that failure to nail down a credible rescue plan at Sunday's meeting of EU finance ministers could pressure the euro even more.

Meanwhile, other economists warned of the dangers of inflation returning in Germany in the wake of the Greek crisis.

Wolfgang Gerke, president of the Bavarian Finance Centre, said he expected "maybe not hyperinflation, but around three to four percent, caused by high budget deficits."

The majority (52 percent) of Germans fear that inflation could result from the Greek crisis, according to an Emnid poll published Sunday, compared to 45 percent that saw no such danger.

Moreover, nearly two thirds (59 percent) of Germans think Berlin should consider a return to its pre-euro currency, the deutschmark, with one in three believing the euro will no longer exist in 10 years.

For the moment at least, inflation in Germany is under control, with the latest data from April showing prices rising 1.0 percent compared to the same month in 2009.

Amigomenor

Just my belief , i think it will maybe reach 1.16 at best.

The markets are however a law to themselves. Looks like the banks will go out the door soon!