US Curren$y on Pace to Pass the Euro

[Serious]

Euro, US dollar a penny away from parity

The US Federal Reserve is well ahead of Europe on tightening, having hiked interest rates by 75 basis points while indicating that more rate increases will come this month.

www.local3news.com

@jj23 the pound is within reach as well

 

[ORDER_66]

okay

 

[chineebai]

Great for my upcoming vacation

 

[dora_da_destroyer]

time to hit the Eurozone

 

[Mike809]

I remember when i went to Spain for the first time in 2012-2013 , thinking nothing was stronger than the Dollar.

was i destined for a rude awakening.

 

[ADevilYouKhow]

Biden’s America

 

[Godless Socialist CEO]

That’s not a good thing….

 

[OfTheCross]

That’s not a good thing….

why not?

 

[Godless Socialist CEO]

why not?

Austerity isn’t a good thing for the majority of the general public and it seems based on that article austerity policies by the fed are driving this. AUSTERITY IS NOT GOOD

 

[ADevilYouKhow]

That’s not a good thing….

Biden is still your President, Bro

 

[Gritsngravy]

I would imagine this is a side effect of the powers that be splitting the global economy into two banking systems

 

[sportscribe]

Austerity isn’t a good thing for the majority of the general public and it seems based on that article austerity policies by the fed are driving this. AUSTERITY IS NOT GOOD

What's driving this is the global demand for dollars due to a lot of uncertainty in the markets. The dollar is a safe haven currency in times of market uncertainty.

On the other side, the Euro is falling due to diminishing prospects in the Eurozone largely exacerbated by the war. Rising energy costs and inflation will continue to push the euro down.

 

[Godless Socialist CEO]

What's driving this is the global demand for dollars due to a lot of uncertainty in the markets. The dollar is a safe haven currency in times of market uncertainty.

On the other side, the Euro is falling due to diminishing prospects in the Eurozone largely exacerbated by the war. Rising energy costs and inflation will continue to push the euro down.

They literally mention our austerity policy at the fed level 3 times in that article, it’s a factor. I will now repeat myself AUSTERITY IS NEVER A GOOD THING.

 

[sportscribe]

They literally mention our austerity policy at the fed level 3 times in that article, it’s a factor. I will now repeat myself AUSTERITY IS NEVER A GOOD THING.

"A series of aggressive interest rate hikes by central banks, including the Fed, coupled with slowing economic growth will keep pressure on the euro while sending investors toward the US dollar as a safe haven, say analysts"

And I didn't even need to read the article, but that's literally what I said in my post. It isn't just about the us domestic economic policy. There are global market economic factors to consider.

There is a lot of economic uncertainty at the moment, and the global markets are mopping up the greenback because of its status as a safe haven currency.

 

[Godless Socialist CEO]

"A series of aggressive interest rate hikes by central banks, including the Fed, coupled with slowing economic growth will keep pressure on the euro while sending investors toward the US dollar as a safe haven, say analysts"

And I didn't even need to read the article, but that's literally what I said in my post. It isn't just about the us domestic economic policy. There are global market economic factors to consider.

There is a lot of economic uncertainty at the moment, and the global markets are mopping up the greenback because of its status as a safe haven currency.

Yes that’s great once again AUSTERITY IS BAD. If our economic policy is playing any kind of role and it involves austerity that means a majority of Americans are being hurt by this therefore NO this isn’t a good thing