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Microstock Photography Forum - General => Off Topic => Topic started by: gunnar3000 on March 19, 2009, 03:16

Title: Where does the Euro Dollar Exchange Rate go?
Post by: gunnar3000 on March 19, 2009, 03:16

Hi,

yesterday the US Central Bank (FED) deiced to repurchase large quantities government bonds. As a result there wars a considerable change in the exchange rate between these two currencies. Now I get a little bit less euro for one dollar.

I know that this will be only a small chapter in the history of the exchange rate, but I am curious about your opinion:

Where does the exchange rate go in 1 year? Even if this topic is not directly related to microstock, it will be a point of interest for those photographer (like me) outside the US (especially if you live in the euro zone).

gunnar

Title: Re: Where does the Euro Dollar Exchange Rate go?
Post by: Freezingpictures on March 19, 2009, 06:23

Hopefully the EZB will print some more Euros again, I have no idea where its going, I just hope it won't get back to $1,57 for a Euro.

Title: Re: Where does the Euro Dollar Exchange Rate go?
Post by: Rackman on March 19, 2009, 12:16

That, my friend, is the billion dollar question.

My full time job is as a commodity futures broker and I deal with the foreign currencies markets everyday.

The surprise FED announcement yesterday was a major boost for the foreign currencies around the world, a negative for the U.S. dollar. The U.S. dollar was down again today but we don't expect it to go much lower.

Unfortunately, none of us have a crystal ball as to the future of currency values. If we did, we'd all be billionaires. If anyone tries to tell you different, take it with a grain of salt.