Nope.
Posted on 12/20/2016 11:00:11 AM PST by Olog-hai
The dollar’s upward march has sent the euro currency to its lowest level in 14 years, easing the financial pressure on traveling Americans but giving European exporters a boost.
The euro, used by 19 countries, was down 0.1 percent at $1.0390 late-afternoon Tuesday, having earlier fallen to $1.0352, its lowest level since early 2003.
Over recent days, the euro’s descent to the psychologically important level of one euro per dollar, has accelerated.
A major factor has been the prospect of more interest rate hikes by the U.S. Federal Reserve following a quarter-point increase in its benchmark rate last week. Higher interest rates in the U.S. increase returns on dollar investments and spur demand for the currency. …
(Excerpt) Read more at hosted.ap.org ...
geez... they used to be close to 10 to one.
So much for the 21st century version of the “guinea”.
I think the peak was about 1.6 to 1.
It was about 0.67 to 1 when it first began trading if I recall correctly.
Now that traveling to Europe has become more affordable, it’s no longer safe to do so.
Nope.
No, the USD reached a peak of 0.88
I remember this because I was buying Bourdeaux futures hand over fist...
Ping.
My mistake. You are correct. That was a long time ago.
That Audi ttrs coupe that does 0-62mph in 3.6 sec. is getting more afordable.
Europeans with little faith in the Euro and the EU are transferring their wealth into US dollars. They are investing those dollars into the equity market and prime US real estate. The Dow approaching 20,000, high rents and high prices for choice urban real estate has much to do with this European capital infusion into the American economy. The US Constitution, the rule of law and respect for property rights draws capital into the US from around the world. Thankfully Obama and his socialists are out of power and things will get even better for the US.
Will Louis Vuittons become more affordable too?
I think I was thinking about POUND notes from England maybe
Darn that means the Christmas El Gordo Lottery thats been at €2.3 Billion is worth less now. And i have 4 tickets for the drawing on the 22th.
DJIA today’s close at 0.13% away from DJIA at 20,000
That is a bogus chart. The euro wasn’t officially introduced until January 1, 2002. When I was in France in 2001, prices were being posted in many places in both francs and euros to get people acclimated to the changeover, but there were no euro coins or banknotes in circulation at that time.
1 JAN 1999, that false exchange nat’l garbage started at 1.1768, nt .67xx. Have sme brken keys here, else a detaled stry s avalable. Have traded E/$ fr years.
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