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what will happen with euro ?

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posted on May, 26 2010 @ 06:20 AM
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all started with greece and now euro losing against dollar . there are some indication that some european countries will leave euro and come back to there own currencies .

when euro started in 1992 it was 1 euro equal 90 us cents . shell we see that again ?

i need to buy some dollars but i dont know should i wait that euro become stronger again or thing can go only worst for euro .




posted on May, 26 2010 @ 06:31 AM
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reply to post by ravana2
 


I've just come back from Copenhagen (to the UK) and it really does seem like some kind of shell game is being played... the UK stirling was 25% over valued against the US Dollar and Euro... or is that they where both under valued... not sure to be honest which way round to look at it.

But... some form of shell game is going on and I have no idea if either one will go up or down against the other.. and that's after talking to in laws who trade in currencies (what they said went over my head)



posted on May, 26 2010 @ 06:40 AM
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maybe it will be good to buy british pound or swiss franks ?

i just dont want to be stupid and buy it at highest price . my currency ( croatian kuna ) is almost fixed to euro and dollar raised 20 % in last few months . this drive me crazy .



posted on May, 26 2010 @ 06:52 AM
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Originally posted by ravana2


maybe it will be good to buy british pound or swiss franks ?

i just dont want to be stupid and buy it at highest price . my currency ( croatian kuna ) is almost fixed to euro and dollar raised 20 % in last few months . this drive me crazy .


I know what you mean, I visit friends and often have to travel to Europe to work, the stirling is dreadful and it costs me more each time I travel
so I know the bind you are in...

Perhaps looking at another route would be possible but you'd probably lose more in commisions in the process...

I went to Demark with 3 currencies (As in the past I was unwilling to exhange them back to stirling) to see which worked out cheapest.. I was shocked to find it was the stirling.

I really can not say if the Euro will bounce back.. especially if the talk of the Eurozone and Korea keeps on, more money will fly to the US dollar as a safe haven, pushing up it's value..

I hope you find a way around this that doesn't hurt your pocket to much.. good luck



posted on May, 26 2010 @ 08:23 AM
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When the euro first came out it was 1.45 to the £1. At points last year it was 1`Euro to the £1. Last time I checked last week it was 1.18 to the £1.

Hopefully it goes up a bit as im on my hols in Portugal from next friday



posted on May, 26 2010 @ 09:04 AM
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The Euro isn't going anywhere.

In short, what is happening is dollar-propping manipulation.

Fundamentals?

This is a great time to begin slowly building EUR/USD longs.



[edit on 26-5-2010 by ancientfuturist]



posted on May, 26 2010 @ 09:09 AM
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I live in the UK and looking at how much debt the UK is in i still keep most my money in Euros because the market will turn on the UK and it will hit the pound.

£6bn in austerity cuts is nothing when we have £160bn to pay off and that excludes lots of future liabilities so we are doing well not to default and in a years time the total amount of debt will be higher than it is now.

Stick with the Euro's if i was you because UK debt in relation to GDP is just as bad as Greece and way above the europen average plus at least they are trying to stop some of the games being played in the UK/USA casiono.



posted on May, 26 2010 @ 09:32 AM
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was there some panic when euro reached sterling ? i am sure that there were catastrophist that predicted that sterling will go to ruin . am i write ?



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