Lower euro does promote investments in the EU so no real biggie that the Euro is going down right?

besides it's gone up over the last few years while the dollar was unstable.. think this small drop doesn't mean there's no faith in the Euro

Keep calling ?  What "Bottom" did I keep calling ?

"I" believe this is about it.  I believe.
8500 is it.......in my opinion.

Historically.....in its short history....the Euro was overpriced.
I THINK...that at about 1.5-1.6 its about correct.
But that realative to me, as a New York City person....Im used to higher price.

BUT.... I compare that to New Yorkers that travel to London (I know Pound), Paris, Berlin, Rome....so the strong Economic cities of Europe.
They feel the Euro at 1.2 is cheap at 1.75 expensive.

That said......and hey, Market dictates.....

that said......

Its all about the last few weeks Schiep.

When people were fleeing the world markets, they parked their fortunes in US Treasuries.
It looks like they were comfortable w/the YEN, or Japanese notes in Asia.

BUT......Comodities crumbled, markets crumbled, and the Euro crumbled under the preasure.

the EURO, has no CENTRAL control....there for, no stability.
People, investors, banks, corporations, hedge funds, what ever......had no faith in going to currency in the form of Euros.

Thats my point.

Full faith and strength of the Euro is exposed.

could everybody who doesn't understand a thing about currency's go away please or read up before you post.

the terms weak and strong are often used with currency's but have a whole other meaning.

weak means it's good for ppl who want to invest in that currency but bad who invest with that currency( in other currencies)
strong means the exact opposite.

so both have their advantages and disadvantages though where I live( belgium) a country where it is necesary that our export> import because of lack of natural resources, etc. it means that a weak euro is better.

so yay the euro is finally coming down( or actually more like the dollar is going up)

btw: as some ppl said: you can't really judge a currency because it fluctuates or the value it has right than because many factors are involved.
for every american saying that the euro is devaluing( in comparison to the dollar)
there is a european that's saying that the dollar is rising in value( in comparison to the euro)

thank the lord for a voice of reason!  for a second i thought that the politics forum was dominated by a bunch of idiots and squalk boxes

@ Schniep.

No central Cohesion.  I KNOW there is a European Central Bank.....daaaaa.
France, Germany, Belgium, Switzerland......all went in their own directions to prob up their own banks......

@ All......

If YOU all dont know what you are talking about......then stay away.

Stability is needed when you are dealing w/Currencies.
Nothing is done overnight.  Contracts are long term, and need a stable trading platform....that has not happened over the last few weeks.

If you needed a nice stable place to park your cash (the part of your portfolio not invested in equities) you would have been CLOBBERED if you parked it in Euro-notes.

The DOLLAR was the place everyone flooded into......US Treasuries.

The point is......lost on those that dont know.
You all, .... Please......

hehe  LP.

"On Friday, Sarkozy repeated his call to overhaul the global financial system so that it can be better supervised in the wake of the crisis.

"Together we need to rebuild a capitalism that is more respectful to man, more respectful to the planet, more respectful to future generations and be finished with a capitalism obsessed by the frantic search for short-term profit," Sarkozy said"

NO NO NO!!!!

Read my initial post.

I believe you all are missing the point....and I say this to you MACE only because I dont believe you read the entire thread.

This is about the last few weeks, and what market held up.

My point was the skittish all for ourselves reaction of the individual govts. that have the Euro as their basis.
By not acting as a all for one type of attitude...and supporting the ECP, the Euro took it on the chin.

Safe haven through the turmoil was found in the Dollar, and the YEN.
Some what the Pound Sterling.

The Euro did not fair well at all.

that was my point.
Just to catch you up MACE.

It is really hard to have an exchange w/people who just dont understand what exactly is being discussed.

Fool,

Almost a post worthy of a response. 

It is a short term change we are talking about....well, I am talking about.
Has the Euro done good for all of Europe ??
I dont know.
Was the exchange better for US Exporters this past spring....sure was.
Is it better for US Exporters......now, Yes.

Its not about long term...it was about the past few weeks turmoil.

Did you understand that ?? 
My point, as to the initial post of this thread ?

agreed.....that was the long term intent.....a unified currency to increase production.

But, for it to be externally effecient, it has to have faith and confidence from abroad.
It did not fair well in the midst of turmoil, because it had no sence of direction.

To many govts, not working together.

The US's "Lovely high interest rates?"