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sonnylax
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Joined: 30 Sep 2003
Posts: 2942
Location: Living in a lollipop and unicorn world
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 Posted: 06/03/05 - 11:01 Post subject: Euro "disaster"
Guess the almighty dollar isn't a bad as some folks made it out to be afterall, huh? (Anyone remember this discussion we had several months ago?)
| Quote: | Euro falls on reports of Italian comments
Fri Jun 3, 2005 02:37 AM ET
TOKYO (Reuters) - The euro fell sharply against the dollar on Friday after reports that an Italian minister said Italy should consider quitting the euro and returning to the lira.
The euro fell as low as $1.2220 from $1.2290. Against the yen, the euro tumbled down to near 132.25 yen from 132.60 yen. The dollar also jumped against the yen.
The report said the minister blamed European Central Bank chief Jean-Claude Trichet for the euro "disaster."
The rejection of a new European Union constitution by French and Dutch voters in the past week has raised worries about the future of the euro zone's monetary union. |
http://www.reuters.com/financeNewsArticle.jhtml?type=businessNews&storyID=8686891
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gretriever
Hipster Doofus
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Joined: 16 Jul 2003
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Location: A moving target in a firing range.
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Posted: 06/03/05 - 11:08 Post subject:
I think the last paragraph of that quote is the real story of the Euro's decline.
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cherylpf
crazy cat lady
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Joined: 14 May 2002
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Posted: 06/03/05 - 12:23 Post subject:
I don't deal too much with currencies, so I really don't know, but is $1.222 really a "disaster"? Or is the disaster more what G said about speculation of future of the Euro based on France and The Netherlands?
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thegman
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Location: 12 yards out.
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Posted: 06/03/05 - 16:09 Post subject:
It speaks more to the weakness of the euro than it does to the strength of the dollar.
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bburgoyne26
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Joined: 16 Sep 2003
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Location: Ft. Worth, Texas
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Posted: 06/03/05 - 16:25 Post subject:
what does this mean for me?......should I go travel or buy something?
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