Euro climbs to $ 1.41, what does it mean? | |
Anonymous Coward User ID: 301917 United States 09/22/2007 03:16 PM Report Abusive Post Report Copyright Violation | |
FreeFlow User ID: 51202 Austria 09/22/2007 03:17 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 8107 United States 09/22/2007 04:09 PM Report Abusive Post Report Copyright Violation | The Euro reached a record high - $1.41 . Please tell me, what does it mean? Is inflation in the US so rampant? Is this the beginning of the Zeta prediction about worthless money worldwide? Quoting: German guy (nli) 301916Thanks! It means that stuff which is made in the EU and which requires payment in Euros will cost more for people trying to pay in dollars. If you're an American tourist in Canada or the EU, you dollar won't go nearly as far as it did a couple of years ago, and everything you buy there will cost more. Because of that, the chances are that more Americans will stay home and spend their money here. result: More money stays in the US. If you're a European or Canadian tourist, visiting the USA will be a relative bargain, so you will see more foreign toursist here, spending their money at the grand Canyon or Disneyland rather that the beaches at St. Tropez. result: More money comes into the US. If you're an American looking to buy a car, a foreign car will cost more, because the manufacturers have to be paid in relatively pricey Euros or Yen. you will see more people buying domestic cars, since an American car will be paid for by "cheaper" dollars. result: More money stays in the US. If you're a foreigner looking to buy, say, aircraft or large motorcycles, American made ones, such as Boeing 787s and Harley-Davidson Road Kings, will be a better bargain because the purchasers will be paying, again, in cheap dollars. result: More money comes into the US. |
Anonymous Coward User ID: 301917 United States 09/22/2007 04:10 PM Report Abusive Post Report Copyright Violation | |