The euro went up against the dollar 30%, compared to the price of 2022
https://i.redd.it/7zgyxxe6pmhg1.png
Posted by rEYAVjQD
The euro went up against the dollar 30%, compared to the price of 2022
https://i.redd.it/7zgyxxe6pmhg1.png
Posted by rEYAVjQD
15 Comments
So cool… Look at all these American products I am not going to buy
So in the words of the orange loser: Winning.
The truth is, that for people on reddit who don’t work in financial services it might seem like stronger EUR (vs USD or other currency) is a huge win yada yada yada. Having spent some time on FICC trading desk, my take is that actually this is what Trump wants. He wants a weaker dollar to bring back manufacturing to the US and to focus more on hard exports (stupid strategy if you ask me given most of US exports have for long time been services and intellectual capacities, not hard manufacturing)
Anyway, stronger EUR might make european exports abroad decline. So in currencies stronger =/= better, your currency can become too expensive for outsiders to then buy your exports!
I think using rolling average would give a much more realistic value. I think you picked literally the best USD has been since the 2000’s and compared it to now
Great, I am going to Japan in October, stronger euro, cheaper holidays outside of EU, that’s not bad if you as me 😀
As a European freelancer whose clients are mainly in the US, this sucks. My income has dropped about 10% over the last year when you add in inflation.
no shit
So we get stronger Euro over dollar AND more exports to the US?
If America were a tad bit more normal I would really consider to go to epic universe now….
Look at DXY and draw a support line.
That’s where the dollar index is now. It’s in a major support since 2011, if it reject, we’ll expect the dollar to recover.
I remember the Americans in 2022 shouting “Europoors”
But aside from the currency – which structurally gives America an advantage over the rest over the world – their economic growth is fuelled by debt.
This doesn’t mean they’ll go bankrupt but the US national debt is high enough that their interest payments surpass their military spending.
This means they’ll devalue the dollar for as long as it takes to make this debt burden manageable.
Incredibly cherry picked time range. Increase the range by a year and euro is down 4%
And yet the Nintendo store has the exact same prices in dollars and euros.
Does this mean that eu gdp went up by 30%
JUhhhuuu! …cheap holiday in the USA!!1!
…oh wait! 🙁