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re: EURO cost
Posted on 5/19/17 at 10:35 am to Weekend Warrior79
Posted on 5/19/17 at 10:35 am to Weekend Warrior79
Doubtful that anyone on here will be able to provide much insight on forecasting exchange rates. There are a myriad of factors that affect this and I am nowhere close to qualified to discuss forex with any sort of authority. That said, the dollar has weakened mainly due to the DC bullshite going on right now. Confidence in Trump has soured basically since the AHCA fumble, and recent events have only worsened the situation. This certainly isn't the only factor, but I would suggest that your view on how that situation plays out should contribute to your line of thinking.
1
Posted on 5/19/17 at 11:06 am to Lou Pai
quote:
That said, the dollar has weakened mainly due to the DC bull shite going on right now.
Yeah that's just not true. Please don't try and bring the poli board over here.
The Recent move to a stronger euro is due to several factors within both economies. The markets betting odds on a fed rate hike in June has been decreasing and now there are many doubting if we will have another hike this year. This is being driven by the low core inflation growth numbers. Meanwhile the EU has had some stronger than expected numbers recently in their unemployment rate. If you want to get political with it Macron's win in France has a lot more to do with the recent Dollar/Euro exchange rate movement
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