General Question

Ltryptophan's avatar

Where's the EUR/USD headed pt. 1?

Asked by Ltryptophan (9105 points ) August 15th, 2011

German preliminary GDP is less than expected. What do you think the short term outlook for the pair will be?

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6 Answers

Ltryptophan's avatar

lol, worth a shot

Nullo's avatar

Since I plan on travelling at some point and all of my money is in USD, I’m hoping for the Euro to fall some.

Ltryptophan's avatar

It will but will you want to travel while it’s down?

Nullo's avatar

@Ltryptophan The Euro? Sure. Favorable exchange rate FTW. Or were you referring to something else?

zenvelo's avatar

Given difficulties with both economies, I’d expect them to stay in the $1.40— $1.45/ euro range for a while, meaning 30 to 60 days.

CheckDavid's avatar

This kind of speculation makes no sense at all.

People speculate on financial markets to make profits on leveraged trades, and even these are very small.

If you want to spoil your travels, for vacation or business, over currency market speculation I only know that you are making a mistake.

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