Euro vs. US dollar.

  • News
  • Thread starter vanesch
  • Start date
  • #1
vanesch
Staff Emeritus
Science Advisor
Gold Member
5,028
16
In Europe, people seem to be extremely worried about the high level of the Euro vs. the dollar (we reached $1.54 for 1 Euro yesterday). This kills European export, but on the other hand it saves us from very high oil prices.

Now, I'm wondering, is it the Euro that is artificially high, or is it the dollar that is low ? Because if at the same time the Euro is high, and the oil price is high (expressed in dollars), then it may simply mean that it is the dollar that is low.
 

Answers and Replies

  • #2
Astronuc
Staff Emeritus
Science Advisor
18,979
2,322
In Europe, people seem to be extremely worried about the high level of the Euro vs. the dollar (we reached $1.54 for 1 Euro yesterday). This kills European export, but on the other hand it saves us from very high oil prices.

Now, I'm wondering, is it the Euro that is artificially high, or is it the dollar that is low ? Because if at the same time the Euro is high, and the oil price is high (expressed in dollars), then it may simply mean that it is the dollar that is low.
It's probably both. The Euro is high and the dollar is low - based on a subjective valuation of the currency.

Technically, the US economy is in trouble due to the high levels of credit at a time when actual wealth is declining.
 

Related Threads on Euro vs. US dollar.

Replies
31
Views
4K
  • Last Post
Replies
4
Views
3K
  • Last Post
Replies
4
Views
2K
  • Last Post
Replies
21
Views
6K
  • Last Post
Replies
23
Views
5K
  • Last Post
Replies
11
Views
2K
  • Last Post
2
Replies
28
Views
3K
Replies
4
Views
2K
Top