Economy US dollar climbing vs Euro, 20 year low for Euro vs Dollar,

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https://www.wsj.com/articles/euro-nears-20-year-low-against-dollar-on-recession-fears-11657020135



All the headlines are of the variety of Euro tumbling vs the dollar, but wouldn’t that also imply USD is climbing vs the Euro? They’re almost back to parity now.

Ukraine war on their border preventing the ECB’s ability to raise interest rates as fast as the American fed is, resulting in their inflation being worse. They’re only doing .25% bumps, not the .5 and .75 we’ve seen in America.

Edit- Bloomberg was the one saying it was war in Ukraine’s fault, but a few good posters pointed out (which does seem more accurate) that raising rates too much would cripple some of the poorer economies like Italy. So that’s their limiting factor, and just another case of media trying to blame everything on Ukraine war

2 takeaways for my non global finance brain- good time to plan that European vacation with parity on the horizon (if you have savings account money) , and this also kinda flies in the face that the American inflation is all Biden and the Dems fault when the rest of the “western” world is having it even worse.
 
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2 takeaways for my non global finance brain- good time to plan that European vacation with parity on the horizon (if you have savings account money) , and this also kinda flies in the face that the American inflation is all Biden and the Dems fault when the rest of the “western” world is having it even worse.

but the sticker at the gas stations says biden did that
 
https://www.wsj.com/articles/euro-nears-20-year-low-against-dollar-on-recession-fears-11657020135



All the headlines are of the variety of Euro tumbling vs the dollar, but wouldn’t that also imply USD is climbing vs the Euro? They’re almost back to parity now.

Ukraine war on their border preventing the ECB’s ability to raise interest rates as fast as the American fed is, resulting in their inflation being worse. They’re only doing .25% bumps, not the .5 and .75 we’ve seen in America.

2 takeaways for my non global finance brain- good time to plan that European vacation with parity on the horizon (if you have savings account money) , and this also kinda flies in the face that the American inflation is all Biden and the Dems fault when the rest of the “western” world is having it even worse.


Ukraines war has not much to do with the ECB not raising rates. It’s those lazy southern countries that would get fucked, essentially destroying the Euro in the process
 
but the sticker at the gas stations says biden did that

It's the fault of every world leader that sank their economies by keeping people from working to protect them from a virus that had a .00001% death rate for average healthy working class people.
 
I mean I've been saying it this whole time.
 
Rising interest rates in order to prevent inflation is wrong thing....

Because Central Bank's interest rate is base how expensive credit will be for businessman getting loan from commercial bank ....in general.
To repay loan business need to add this % to their PRICES.

For EUR historicall was good thing : " weak euro " = strong ECB and EUR and so on...

While they as dumbasses managed to hold euro strong during 2008/2009 crisis and had paid price in economy.
Expensive euro...huge imports, damaged export.
U.S and U.K and Poland & Co + Sweden etc managed this stuff then better.

0,98 USD for 1 EUR.
1,33 USD for 1 EUR.
1,40 USD for 1 EUR.
etc.
We had saw this all...
 
https://www.wsj.com/articles/euro-nears-20-year-low-against-dollar-on-recession-fears-11657020135



All the headlines are of the variety of Euro tumbling vs the dollar, but wouldn’t that also imply USD is climbing vs the Euro? They’re almost back to parity now.

Ukraine war on their border preventing the ECB’s ability to raise interest rates as fast as the American fed is, resulting in their inflation being worse. They’re only doing .25% bumps, not the .5 and .75 we’ve seen in America.

Edit- Bloomberg was the one saying it was war in Ukraine’s fault, but a few good posters pointed out (which does seem more accurate) that raising rates too much would cripple some of the poorer economies like Italy. So that’s their limiting factor, and just another case of media trying to blame everything on Ukraine war

2 takeaways for my non global finance brain- good time to plan that European vacation with parity on the horizon (if you have savings account money) , and this also kinda flies in the face that the American inflation is all Biden and the Dems fault when the rest of the “western” world is having it even worse.

Yeah Europe is in a pickle. They have Italy and Greece with horrible finances and great debt. If they fall you’ll have domino effect, so that has to be prevented.

On a positive note, most western/ northern EU countries have a good overall balance, so they can take some hits.
 
If rising interest rate from Central bank was best solution to avoid inflation then Zimbabwe for sure should had been low inflation etalon during decades!

Now?
Ukr central bank.
25%.
 
Ukraines war has not much to do with the ECB not raising rates. It’s those lazy southern countries that would get fucked, essentially destroying the Euro in the process

Also, slowing demand wouldn't be much help for the EU's inflation problem unless it was really extreme and counterproductive (as they didn't have the same kind of growth we've had in America, and the problem is much more supply-driven).
 
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