The euro and the dollar are a penny away from parity for the first time in 20 years

[schizo]

Watch your head, folks! Shit's about to hit the fan (eg. recession)!


https://www.cnn.com/2022/07/11/investing/euro-dollar-parity/index.html


The euro and the dollar are a penny away from parity for the first time in 20 years
By Nicole Goodkind, CNN Business
Updated 11:49 AM ET, Mon July 11, 2022

New York (CNN Business) For the first time in 20 years, the exchange rate between the euro(EUU) and the US dollar is nearly the same -- the two currencies are less than one cent away from parity.

 

[MacBookProHo]

For the first time in 20 years, the exchange rate between the euro(EUU) and the US dollar is nearly the same

The stars are aligning....great things are in store ahead,
The Lord works in mysterious ways,

 

[JackMorgan]

less than a penny

been shitting for months

you a numerologist and think the $1 handle is magic ?

 

[SunTrader]

EURUSD being down -11.71% so far in 2022 gets all the attention, while USDJPY (inversely) is up +19.38% or 7.67% more of a move over the same period. Lordy, lordy Miss Claudie.

GBPUSD has had a bigger move too -12.06%.

 

[Scataphagos]

Watch your head, folks! Shit's about to hit the fan (eg. recession)!


https://www.cnn.com/2022/07/11/investing/euro-dollar-parity/index.html


The euro and the dollar are a penny away from parity for the first time in 20 years
By Nicole Goodkind, CNN Business
Updated 11:49 AM ET, Mon July 11, 2022

New York (CNN Business) For the first time in 20 years, the exchange rate between the euro(EUU) and the US dollar is nearly the same -- the two currencies are less than one cent away from parity.

The significance is??

 

[MacBookProHo]

The significance is??

There is no significance.
These types of articles and coincidences and historic facts....just sounds sexy and mysterious and deep and catchy and clickbaity.

It's similar to me saying the last time I threw up was 2002, two decades ago. Does it necessarily mean anything magical or divine? If you want it to have some spiritual meaning, it will.
The mind and humans can be incredibly feeble and impressionable all throughout history and society,

More pecan pie, Scataphagos

 

[JackMorgan]

EUR a c*nt hair away

 

[schizo]

There is no significance.
These types of articles and coincidences and historic facts....just sounds sexy and mysterious and deep and catchy and clickbaity.

It's similar to me saying the last time I threw up was 2002, two decades ago. Does it necessarily mean anything magical or divine? If you want it to have some spiritual meaning, it will.
The mind and humans can be incredibly feeble and impressionable all throughout history and society,

More pecan pie, Scataphagos

Man, you sound too damn naive. You seem to have no idea how economy runs. Just when do investors run for the exit and exchange their money into either gold or dollar (aka reserve currency)? That's right, in a time of recession.

 

[Scataphagos]

There is no significance.
These types of articles and coincidences and historic facts....just sounds sexy and mysterious and deep and catchy and clickbaity.

It's similar to me saying the last time I threw up was 2002, two decades ago. Does it necessarily mean anything magical or divine? If you want it to have some spiritual meaning, it will.
The mind and humans can be incredibly feeble and impressionable all throughout history and society,

More pecan pie, Scataphagos

Then I guess we needn't mention they Japanese Yen has fallen to $.0072... that's less than a penny!

The real story is the strength of the $USD. That strength helps ALL* of us who have our assets denominated in greenbacks.

*except some exporters... but that's OK too, as we don't make anything any more.

 

[Lucas_Paul]

Then I guess we needn't mention they Japanese Yen has fallen to $.0072... that's less than a penny!

The real story is the strength of the $USD. That strength helps ALL* of us who have our assets denominated in greenbacks.

*except some exporters... but that's OK too, as we don't make anything any more.

Yep, it's USD strength. Mostly because EUR and JPY are keen on protecting their bond market so it's done at the expense of the currency. Central Bank manipulation to the max so to speak. You don't want to see Italian yields @ 5%+ but you can't really make anything out of EURUSD trading at parity, can you? In terms of fearful narratives. That's all it is. Same with BOJ and JPY.