EURO vs USD (or QAR, its same)
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EUR / USD = 1,4406
What do you think? Is this going to last or we will go to strong USD in short time?
I have read in some specialist forums that it is expected that in three months more or less we would be able to see EUR / USD = 1,30 so Im thinking to bring part of my savings to here to Qatar in order to try to take advantage of the 10% up expected.
What do you think?
eu61, I agree. US will recover first and faster than the Europe. But that will impact postively to the Euroean countries in terms of boosting their exports to the US.
I think the chances for GCC to move to the basket of currencies (Kuwait did already) are quite slim for some good reasons:
- They will have to incur huge losses on their USD investment portfolios
- It may not be a very ideal thing to do when all the economies are hit by recession
- Impact on GCC exports
There are other lesser important reasons too.
USD in a time frame of 1-2 years will reclaim its position and interest rates might rise in the beginning of 2010. Let's see..
no its not possible
A small news item which appeared in the newspapers a couple of weeks back may be important. The news item was that China overtakes India in Gold imports. India imports gold for making jewelery and the Chinese are not enamored with gold jewelery. Does this mean that China is selling Dollars it is holding and hoarding gold? If this is true it is time to get out of US Dollars and Qatar Riyals, unless, of course, QAR is delinked from the US dollar. This is my take on the whole situation.
mathboy,
it is generally accepted that US will go out of crash sooner that EU.
First thing that will be done when markets stabilize will be that they will increase the rates in order to stop the inflation.
As soon as the rates raise, same will do the USD.
My only doubt will be that, if USD becomes weaker and weaker and for more time than expected, the patience of China or even GCC countries could finish, and then these countries could take decisions as for instance sell all their USD reserves and change them for a basket different currencies as they think that USD is not a good reserve currency anymore.
If that happens, then USD is dead...
War looking for peace,
is like fornication looking for virginity.
Flan man, let's invest in Singapore $! I know a very good place to spend it! Something with..."Orchard"... =)
do it man. i thought the AUD was going to drop to 50 cents earlier in the year....now it's 84 cents!
hindsight is a wonderful thing.
Yep! You are a "conaisseur"! So, bet on it!
I do not expect any big change in EUR/USD exchange rate. If we look at the recent trend (technical analysis) there is a strong possibility that rates will stay above 1.4 for quite some time. If you look at the fundamentals combined with technical data LIBOR is expected to come down further. 1 month LIBOR is below 0.3 and 3 month below 0.6. Three month LIBOR by the end of this year might touch the range 0.3 to 0.4. I think this will weaken USD further. I do not see that we would be able to see EUR/USD 1.30 in a month time or sooner.. BUT you never know.. Markets have several times proved all analysis incorrect.
GBP is becoming stronger day by day against USD which is quite the opposite of the economic situation of the UK. Of course there are many reasons and most of them relate to the US economy and US Dollar than the UK and Euorozone.
Lei? I still have some of them. It was awesome for me to see the firsts plastic notes!
War looking for peace,
is like fornication looking for virginity.
I get the feeling that only women understand the true meaning of economic theories.
Money must be spent! It's a means of exchange. (First lesson in economics)
Euro sucks! Invest in Lei!
Oh! Cmon! Dont worry so much, Im not going to invest my pennies only on your thoughts for later claim you in case I lose...
LOL
Just wanted to know your opinion regarding the issue.
I see most of you think that nobody can guarantee future movements on currencies.
BTW, just curiosity. You have your savings in EUR or USD (or QAR)?
Anybody heard about that Qatar could jump out of USD fixed rate in case USD goes down too much?
War looking for peace,
is like fornication looking for virginity.
Might as well bet on a coin toss!
mandi
no risk no gain....so it depends on your risk appetite
No one will guratee you for this