US dollars: buy euros with them or not?

Discussion in 'General Chat' started by fatabbot, May 21, 2007.

  1. #1
    Since most programs pay in US dollars and the dollar keeps dropping in value, do you transfer your dollars to another currency or do you keep dollars and wait for better times before changing them to euros?
    Will the dollar ever increase again?
     
    fatabbot, May 21, 2007 IP
  2. sachin410

    sachin410 Illustrious Member

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    #2
    I don't think so...we may see an upward blip every now and then, but I feel dollar's long term trend is going to be down from now on.
     
    sachin410, May 21, 2007 IP
  3. guy123

    guy123 Guest

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    #3
    I don't think the dollar will increase again, but since I'm in the US I usually just keep my money in $US dollars. It's convenient for me, and its decrease really isn't too drastic.

    If I had more money or lived abroad I'd definitely try to keep my money in Euros, since I think they will continue to gain against the dollar
     
    guy123, May 21, 2007 IP
  4. fatabbot

    fatabbot Well-Known Member

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    #4
    What makes you feel that?
     
    fatabbot, May 21, 2007 IP
  5. sachin410

    sachin410 Illustrious Member

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    #5
    USD has been decreasing against most major currencies for some time now...especially GBR and EUR.

    Increasing trade and budget deficits of US.

    Slower economic growth of US compared to other major economies (European and Asian.)
     
    sachin410, May 21, 2007 IP
  6. uttoransen

    uttoransen Prominent Member

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    #6
    has to agree with this, INR increased about 20% in the last 6-8 months, that's a huge increase against the $,
    but then this is effecting the exports, so RBI is trying to get the exchange rate higher, but then i feel $ is going to fall down futher!:eek:
     
    uttoransen, May 21, 2007 IP
  7. zangief

    zangief Well-Known Member

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    #7
    I don't like saving money , I expect to buy my house in three years after that I'll stop saving.
    It is better to spend and invest the money.And imo us dollar will go down in the future.They have to get out of Iraq , now it costs them more and it also costs more for Iraq people.
     
    zangief, May 22, 2007 IP
  8. w3bmaster

    w3bmaster Notable Member

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    #8
    Euros decrease to

    Damm dolar decreasing is not good :( i wasted a lot of money but oh well
     
    w3bmaster, May 22, 2007 IP
  9. 330td

    330td Well-Known Member

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    #9
    Buy € now don't keep any $

    [​IMG]
     
    330td, May 22, 2007 IP
  10. Rohit patel

    Rohit patel Prominent Member

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    #10
    Well I would buy € now because $ is going down and down in India.:(
     
    Rohit patel, May 22, 2007 IP
  11. skibladner

    skibladner Peon

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    #11
    Buy gold and farmland, that's what some of the "peak oil" people say.
     
    skibladner, May 22, 2007 IP
  12. guy123

    guy123 Guest

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    #12
    gold is always solid... commodities are a good idea and go along with farmland. i'm looking into some commodity ETFs myself
     
    guy123, May 22, 2007 IP