Euro falling off a cliff

[dealmaker]

[URL='https://twitter.com/LizAnnSonders']Liz Ann Sonders ‏@LizAnnSonders 7h7 hours ago


This is gonna hurt a bit

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[mlawson71]

Now that the US Fed had said that rates might increase 3 times next year I think that parity is a real possibility. I can't see the ECB increasing rates for a looooooooooooooong time

At this point I have all but resigned to the thought that parity will be reached next year, the question is just exactly when that will happen. And whether it will drop below parity.

 

[victorycountry]

At this point I have all but resigned to the thought that parity will be reached next year, the question is just exactly when that will happen. And whether it will drop below parity.

I am not too sure whether parity will happen eventually.
It appears ECB resisting for EURO from substantially depreciating below 1.05.

Well, we can only monitor the current situations and take actions based on that.

 

[mlawson71]

You're right, of course, the ECB will resist a more permanent dip below 1.0500, the question is whether they will succeed if there are more interest rate hikes.

 

[dealmaker]

Prof. Steve Hanke ‏@steve_hanke 1h1 hour ago


Capital is flowing out of the Eurozone at a record pace. This downward pressure will push the euro toward parity with the dollar in 2017

 

[obolon_]

 

[obolon_]

Liz Ann Sonders ‏@LizAnnSonders 7h7 hours ago
This is gonna hurt a bit

 

[doggyfx]

Prof. Steve Hanke ‏@steve_hanke 1h1 hour ago


Capital is flowing out of the Eurozone at a record pace. This downward pressure will push the euro toward parity with the dollar in 2017

C'mon bro its all about ECB easing&tightening. When Draghi signals about halting program Euro will start to go up

 

[dealmaker]

1. Mark Hart ‏@MarkHar13514700 6h6 hours ago
   
   
   
   Money is not intended to be a store of value.The idea is to destroy its value slowly enough that users don't really feel it short term