cancel
Showing results for 
Search instead for 
Did you mean: 
nwobcw
Advisor

Re: ANy guesses onhow low the dollar goes?

   The last few days it has been flirting around the 1.3980 to the euro..  I think 1.40 to the euro is the psychological edge and the gummint has been stepping in and doing whatever it takes to keep that from happening.   I may be all wet but you asked.  Ha

0 Kudos
hardnox604008
Advisor

Re: ANy guesses onhow low the dollar goes?

The EU seems to be doing everything they can to talk the euro up.

 

My take- the threats of interest rate hikes are mostly to placate German fears of inflation- if they can hold the euro up it will help slow inflation without taking rates up.

 

The rate hike would be very hard on the struggling european periphery.

 

In the end I still don't see the German people putting up the cash to bail everybody out but that doesn't mean that their eurocrat masters don't do it anyway.

 

fwiw,

 

h

0 Kudos