Euro reaches ~ $1.36

seamus

http://www.breakingnews.ie/2004/12/29/story182433.html

That's quite a big jump from what it was last week iirc. The euro has been climbing steadily now, although the dollar seems to be devaluing much quicker than the STG£.

Any bets for the $1.50 mark?

Captain Trips

seamus wrote:

http://www.breakingnews.ie/2004/12/29/story182433.html

That's quite a big jump from what it was last week iirc. The euro has been climbing steadily now, although the dollar seems to be devaluing much quicker than the STG£.

Any bets for the $1.50 mark?

I suppose the continuing use of magical unemployment and economic performance figures tends to do that!

I would suspect the recent G20 meeting (I think it was G20) last month concluded that the dollar was to continue to slide.

From the US POV it has been mentioned it will make things much better for their exports - if of course they made anything that anybody else wanted. US is a net importer by far. Could hurt big euro countries, unlikely to affect Ireland as most investment these days is from top EU-15 (65% I think).

Nuttzz

I doubt it will bust the 1.50 mark, while most irish exporters wont be hit buy this the "blue chip" irish brands, waterford crystal, baileys etc will be