US ($) Currency Thread 2

jen_br

Ugh I hate when I have a holiday back home to book and the dollar is a bit stronger then I want haha. Id love to go back a few years!

sabretoothtigger

Having lost so much already it would seem to be doomed to continue until it hits something solid.
However the market never likes to make things too easy, Im expecting it to coil back on itself at least far enough to give false hope and here is a good point for it to do that

Both the euro and sterling are due a rise.

How much money did you make in the last two weeks since it was 1.61
I'd do it in batches so you cant lose, dollar has alot of reasons why it should go down but Europe is distracting everybody.
By refusing to print money to pay their bills like UK and USA they have made themselves unpopular

jackieblack

neilbond007 wrote: »

On the plus side, I have a 4 day weekend to look forward to!

And much to be giving thanks for! :beer:

Hope you and your family have a lovely long weekend

t-rexcellent

Hi,

I'm travelling to Florida next week and have been given dollars to spend but these are the pre-2004 bills without the new anti-counterfeit measures on.

Will these still be accepted?

Many thanks!

sabretoothtigger

I'd be more concerned with do I know these are real, if they are someone will take them maybe a bank

sabretoothtigger

Very sharp rise in cable today. Markets rising Im told for no good reason beyond blind optimism and 'they have to do something'

Sterling Index At 1400 GMT
 
      (JAN 2005=100)     INDEX      GBP/USD     EUR/GBP 
     PREVIOUS CLOSE      80.4       1.5610      0.8542 
               OPEN      80.3       1.5542      0.8539 
              10 AM      80.2       1.5541      0.8547 
               NOON      80.4       1.5608      0.8530 
               2 PM      80.3       1.5751      0.8580 
               4 PM 
 
Contact London Newsroom, Dow Jones Newswires; +44-20-7842-9376

(END) Dow Jones Newswires

November 30, 2011 09:01 ET (14:01 GMT)

LosEndos

> Very sharp rise in cable today. Markets rising Im told for no good reason beyond blind optimism and 'they have to do something'

Is it not as a result of the coordinated action from central banks making additional liquidity available to the global financial system?

(Not that I think that it will last, based on the failure of all the other 'big fixes'.)

jen_br

and now we wait.... lets hope for a bit more optimisim

jackieblack

Well, it was looking hopeful for a few days.... dropped back a bit now :wall:

Oh well, lets see what next week brings

sabretoothtigger

Sterling Index At 1600 GMT
 
      (JAN 2005=100)     INDEX      GBP/USD     EUR/GBP 
     PREVIOUS CLOSE      80.9       1.5536      0.8424 
               OPEN      81.0       1.5483      0.8408 
              10 AM      81.0       1.5516      0.8410 
               NOON      81.1       1.5495      0.8384 
               2 PM      81.0       1.5458      0.8396 
               4 PM      80.9       1.5411      0.8404 



December 14, 2011 11:01 ET (16:01 GMT)

Current Bid-Ask             Previous 
                       ---------------             -------- 
 
  U.S.A.                 1.5525-1.5529        1.5593-1.5598 
  Euro                   1.1858-1.1859        1.1825-1.1826 
  Switzerland            1.4620-1.4628        1.4595-1.4604 
  Japan                  120.89-120.96        121.41-121.47 
  Canada                 1.5966-1.5978        1.6022-1.6034 
  Norway                 9.1708-9.1797        9.0901-9.0993 
  Sweden               10.7785-10.7876      10.7104-10.7199 
  Denmark                8.8148-8.8207        8.7907-8.7964

Reversal of fortunes


You're richer if you are going to Norway, they dropped their rates by 0.5% today

coordinated action from central banks making additional liquidity available to the global financial system?

(Not that I think that it will last, based on the failure of all the other 'big fixes'.)

additional Liquidity is about as useful as quicksand, it really is just a temporary fix to a seized market. Banks cannot 'correct' market supply and demand.

Currency is about trade I think, if we sell more stuff then they need to buy our currency to pay those bills. We could only rise with less trade if others decline was greater which is a gloomy possibility, we gained vs Euro today for example