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Euros At Record High Against Dollar

News Flash: On a Euro High

Yesterday, the euro's value hit its highest point against the dollar since it was introduced in 1999. The currency is valued at $1.5057 and analysts say it could move even higher than its current record. The euro's escalation is attributed to negative economic reports from the U.S. including the lowest consumer confidence levels since 2003 and higher wholesale inflation. There's speculation that the Fed may cut interest rates lower even after its big cuts in January — the cuts are intended to fuel the economy but could also have the unwanted effect of pushing the dollar's value lower.

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bellaressa bellaressa 8 years
Thank you cvandoorn !!!
DreaAST DreaAST 8 years
WOW!!!!!
indielove indielove 8 years
It's not easy to learn about Forex unless someone's teaching you exactly how to do it. It can be learned on your own but it takes MUCH research, months and months...years even. I know someone who taught herself how to do it. The Euro, British, and Japanese markets are always good to look at.
indielove indielove 8 years
Yeah, hotstuff..Canadian IS worth more than the US dollar. It's nuts! I'm so sick of Bush and his lies. Let's vote McCain into office so he can tell us the same BS for 4-8 more years. whoo hoo.
cvandoorn cvandoorn 8 years
Oh, also European mutual funds would be a good investment.
cvandoorn cvandoorn 8 years
Its cool that you want to diversify your portfolio to include some international shares. Well, the simplest thing you can do is to invest in multinational companies. Check out the big exchanges in Europe such as the London Stock Exchange (keep in mind the UK still uses pounds, which are stronger than the Euro), and the Deutsche Borse (Frankfurt Stock Exchange). I also suggest you look into Asian stock exchanges, like the Hang Seng Index in Hong Kong. Hong Kong and Singapore are great economic powerhouses in South East Asia. One economy you might want to keep your eye on is Vietnam - some major changes going on there. The forex market is a bit trickier and riskier - people that make buttloads of money in the currency markets are usually professionals working for the big banks, lol. Its not such a big blow on them when they lose the money because its not their own! But check out www.forex.com or similar websites for help with that. I also recommend www.morningstar.com for your trading.
bellaressa bellaressa 8 years
Both, cvandoorn.
cvandoorn cvandoorn 8 years
Yeah I hate how they try to make it seem as good for the economy. The only good thing is that more people will want to come and spend their money here, but then with immigration being to terrible, nobody wants to go through that hassle!! In the meantime, we can't travel and spend money in other countries with our measly dollar because its worthless!!! Bellaressa - are you talking about investing in other countries' stock markets or are you interested in the forex and spot markets?
bellaressa bellaressa 8 years
Anyone know of any good ideas about investing in these countries or with their currency.
hotstuff hotstuff 8 years
I'm so sick of the US trying to spin this as a good thing! Just shows everything is falling apart here. The Canadian dollar is worth more for goodness sakes.
gigill gigill 8 years
This is not good news for me as I'm going to Ireland in a couple of weeks. Boooo!!! That being said, I am earning pounds at the moment so hopefully they have gotten stronger as well. Any idea Savvy?
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