Over for Eurocels, the Euro will reach parity with USD soon

[ballskin]

Currently at 1.018 EUR/USD when it normal should be 1.2/1 usd

EUR/USD Overview: Price, News and How to Trade | IG UK

See the latest price data and market sentiment for the euro against the US dollar and spot trading opportunities. EUR/USD is one of the major... [UK]

www.dailyfx.com

Eurocels your currency will be useless in a few weeks
American eastern Europeanmaxers will find it cheaper to fuck your women though

 

[Deleted member 18522]

Ma sha allah

 

[traveler]

 

[ballskin]

Cheap surgeries for Americans

 

[OldRooster]

1.017-1 now.
Holy fuck this is epic, wtf is going on? Is inflation in Europe worse than in the US? Is it related to the Ukraine war?

 

[ballskin]

1.017-1 now.
Holy fuck this is epic, wtf is going on? Is inflation in Europe worse than in the US? Is it related to the Ukraine war?

US feds increased interest rates but the euros didn’t, the war in Ukraine has fucked Europe as well
Plus the American economy is stronger and a lot of European countries have worse inflation and Germany is likely to enter recession

 

[ballskin]

1.017-1 now.
Holy fuck this is epic, wtf is going on? Is inflation in Europe worse than in the US? Is it related to the Ukraine war?

1.0168 now

Recession incoming…..

 

[OldRooster]

1.0142 now. lowest since 2002

 

[Deleted member 19530]

1.017-1 now.
Holy fuck this is epic, wtf is going on? Is inflation in Europe worse than in the US? Is it related to the Ukraine war?

Much worst, this winter europe will suffer energy shortages too. They don’t have oil, this war marks the end of an era

 

[comfortably dumb]

1.017-1 now.
Holy fuck this is epic, wtf is going on? Is inflation in Europe worse than in the US? Is it related to the Ukraine war?

yea. gas stations are shutting down and the prices went 15% up for a lot of products

 

[ballskin]

1.0142 now. lowest since 2002

Just one cent remaining before all confidence in the Euro is lost
eurocels [ISPOILER] @FailedNormieManlet @Erik-Jón @PrinceLuenLeoncur @IwantToLooksMaxx @PrinterAndFaxMachin [/ISPOILER]

Much worst, this winter europe will suffer energy shortages too. They don’t have oil, this war marks the end of an era

Russia is still sending gas though? It’ll just be more expensive or rationed

 

[JBcollector]

But muh Utkrinana

 

[Deleted member 15004]

Just one cent remaining before all confidence in the Euro is lost
eurocels [ISPOILER] @FailedNormieManlet @Erik-Jón @PrinceLuenLeoncur @IwantToLooksMaxx @PrinterAndFaxMachin [/ISPOILER]

Russia is still sending gas though? It’ll just be more expensive or rationed

I'm Canadian, not a Europoor

 

[ballskin]

I'm Canadian, not a Europoor

the fuck? I thought you were a Sri Lankan Canadian living in the UK

 

[Wallenberg]

Currently at 1.018 EUR/USD when it normal should be 1.2/1 usd

EUR/USD Overview: Price, News and How to Trade | IG UK

See the latest price data and market sentiment for the euro against the US dollar and spot trading opportunities. EUR/USD is one of the major... [UK]

www.dailyfx.com

Eurocels your currency will be useless in a few weeks

Exchange rates fluctuate, there isn't a "normal" rate for floating currencies. EURUSD has fluctuated between 0.85-1.5

By that logic USD is useless too.

 

[Deleted member 15004]

the fuck? I thought you were a Sri Lankan Canadian living in the UK

 

[ballskin]

Exchange rates fluctuate, there isn't a "normal" rate for floating currencies. EURUSD has fluctuated between 0.85-1.5

By that logic USD is useless too.

View attachment 1770184

It’s not supposed to be this low, this is not a normal fluctuation it hasn’t been this low in 20 years

And it clearly is affecting Europe because of how cheap it is now for Americans to travel to Europe and expensive american products are in Europe

 

[Wallenberg]

It’s not supposed to be this low, this is not a normal fluctuation it hasn’t been this low in 20 years

And it clearly is affecting Europe because of how cheap it is now for Americans to travel to Europe and expensive american products are in Europe

Uhh you know that's the benefit of a weaker exchange rate: it makes exports (products and services like tourism) more competitive.

Exchange rates fluctuate. Floating exchange rates aren't fixed. In the early noughties, the euro was like 0.85 dollars.

 

[ballskin]

Uhh you know that's the benefit of a weaker exchange rate: it makes exports (products and services like tourism) more competitive.

Exchange rates fluctuate. Floating exchange rates aren't fixed. In the early noughties, the euro was like 0.85 dollars.

A weak euro kills the purchasing power of Europeans and your savings and increases inflation more as well.

Also EU interest rates can’t be increased because it would kill the economies of the poorer states like Italy and Greece. So inflation can’t be controlled. Europe is completely fucked

 

[Wallenberg]

A weak euro kills the purchasing power of Europeans and your savings and increases inflation more as well.

Also EU interest rates can’t be increased because it would kill the economies of the poorer states like Italy and Greece. So inflation can’t be controlled. Europe is completely fucked

The inflation in Europe is caused largely by rising energy prices, not due to demand factors.

Also, the euro is still "stronger" than the dollar, as it has been most of the time.

 

[AlexBrown84]

Glad I switched my European operations to only accept gbp now

 

[Detona]

LOL @ the el stupidos who were saying the US dollar would crash. US dollar is invincible. US dollar is independent from reality.

 

[comfortably dumb]

The inflation in Europe is caused largely by rising energy prices, not due to demand factors.

Also, the euro is still "stronger" than the dollar, as it has been most of the time.

europe is way more energy-dependent on russia than the us, that's the problem

but it's the eu's fault that they have created a half-assed union that's essentially just mountains of regulations and bureaucracy and nothing else. european nations dont really share a common identity nor give a fuck about each other

 

[Wallenberg]

europe is way more energy-dependent on russia than the us, that's the problem

but it's the eu's fault that they have created a half-assed union that's essentially just mountains of regulations and bureaucracy and nothing else. european nations dont really share a common identity

Yeah. Depends on the country tho.

And I agree about not sharing a common identity. I don't support eurofederalism.

 

[.*my*.]

Just one cent remaining before all confidence in the Euro is lost
eurocels [ISPOILER] @FailedNormieManlet @Erik-Jón @PrinceLuenLeoncur @IwantToLooksMaxx @PrinterAndFaxMachin [/ISPOILER]

Russia is still sending gas though? It’ll just be more expensive or rationed

Don't worry. The dollar will be fucked too if they keep printing it at the rate that they are today.

 

[ballskin]

Don't worry. The dollar will be fucked too if they keep printing it at the rate that they are today.

The dollar is the worlds reserve currency nothing can happen to it

 

[.*my*.]

The dollar is the worlds reserve currency nothing can happen to it

The more dollars you print, the less each dollar costs. That's how it works.

 

[Gargantuan]

Meanwhile the Russian ruble is doing great

 

[ballskin]

Meanwhile the Russian ruble is doing great

Backfired innit