So cool… Look at all these American products I am not going to buy
HeadPaleontologist40 on
So in the words of the orange loser: Winning.
NomDeiX on
The truth is, that for people on reddit who don’t work in financial services it might seem like stronger EUR (vs USD or other currency) is a huge win yada yada yada. Having spent some time on FICC trading desk, my take is that actually this is what Trump wants. He wants a weaker dollar to bring back manufacturing to the US and to focus more on hard exports (stupid strategy if you ask me given most of US exports have for long time been services and intellectual capacities, not hard manufacturing)
Anyway, stronger EUR might make european exports abroad decline. So in currencies stronger =/= better, your currency can become too expensive for outsiders to then buy your exports!
SgtTreehugger on
I think using rolling average would give a much more realistic value. I think you picked literally the best USD has been since the 2000’s and compared it to now
Secret_Butterscotch7 on
Great, I am going to Japan in October, stronger euro, cheaper holidays outside of EU, that’s not bad if you as me 😀
djazzie on
As a European freelancer whose clients are mainly in the US, this sucks. My income has dropped about 10% over the last year when you add in inflation.
tommyintheair on
no shit
Domi4 on
So we get stronger Euro over dollar AND more exports to the US?
8 commenti
So cool… Look at all these American products I am not going to buy
So in the words of the orange loser: Winning.
The truth is, that for people on reddit who don’t work in financial services it might seem like stronger EUR (vs USD or other currency) is a huge win yada yada yada. Having spent some time on FICC trading desk, my take is that actually this is what Trump wants. He wants a weaker dollar to bring back manufacturing to the US and to focus more on hard exports (stupid strategy if you ask me given most of US exports have for long time been services and intellectual capacities, not hard manufacturing)
Anyway, stronger EUR might make european exports abroad decline. So in currencies stronger =/= better, your currency can become too expensive for outsiders to then buy your exports!
I think using rolling average would give a much more realistic value. I think you picked literally the best USD has been since the 2000’s and compared it to now
Great, I am going to Japan in October, stronger euro, cheaper holidays outside of EU, that’s not bad if you as me 😀
As a European freelancer whose clients are mainly in the US, this sucks. My income has dropped about 10% over the last year when you add in inflation.
no shit
So we get stronger Euro over dollar AND more exports to the US?