As the Dollar Slides, the Euro Is Picking Up Speed

[Anonymous]

For all of those who questioned why any American would put their savings in Euro denominated accounts...
https://www.nytimes.com/2025/07/22/business/euro-dollar-currency-tariffs.html
As the Dollar Slides, the Euro Is Picking Up Speed
The euro has been gaining steam as investors seek new havens during geopolitical turmoil.
The chaotic rollout of President Trump’s tariffs has prompted investors to question long-held assumptions about the safety and stability of the U.S. dollar, which has plunged in value this year. In the hunt for alternatives, many have turned to the euro.

The euro has risen more than 11 percent against the dollar since the start of the year, reaching its highest level in four years, at $1.18. The euro has also gained against other major currencies over that period, including the Japanese yen, British pound, Canadian dollar and South Korean won, suggesting that its strength is more than a reflection of the dollar’s weakness.

Christine Lagarde, the president of the European Central Bank, said this moment was an opportunity for the euro to gain global clout.

[Anonymous]

This is the beginning of the end of the USD as the default global currency. Congrats everyone! Now to be subject to the whims of the bond markets.

[Anonymous]

Back when it hit a low of 97-99 cents vs dollar in 2022 my lucky cousin in NY bought a vacation home in Ireland for cash. She made a 20 percent gain just on FX

[Anonymous]

Anonymous wrote:This is the beginning of the end of the USD as the default global currency. Congrats everyone! Now to be subject to the whims of the bond markets.

The bond market is far less subject to "whims" than the stock market with its dilettantes, meme stocks and day traders. The bond market has now been spooked by American fiscal burden, political uncertainty and high inflation. That's the MAGA people voted for!

[Anonymous]

Good luck playing the currency game.

[Anonymous]

Europe is a young, dynamic, and growing continent, with a rising IQ thanks to an influx of highly skilled immigrants, and surely their currency will continue to rise in value as their economies boom.

[Anonymous]

Anonymous wrote:Good luck playing the currency game.

Good luck putting all your eggs in the basket of someone who inherited a bunch of money yet still managed to bankrupt a bunch of casinos

[Anonymous]

Anonymous wrote:

Anonymous wrote:Good luck playing the currency game.

Good luck putting all your eggs in the basket of someone who inherited a bunch of money yet still managed to bankrupt a bunch of casinos

Half of my money has been invested in foreign currency/stocks for many years. Probably too late for you to diversify, but good luck.

[Anonymous]

Anonymous wrote:Back when it hit a low of 97-99 cents vs dollar in 2022 my lucky cousin in NY bought a vacation home in Ireland for cash. She made a 20 percent gain just on FX

Wait until it needs a new septic system.

[Anonymous]

Been working and traveling between the US and Europe for 25 years now and have watched exchange rates rise and fall and know they will rise and fall in the next 25 years.

You could reverse the argument and say the dollar was overpriced a year ago. And now the Europeans are worried about the euro getting overpriced as it affects the trading volumes.

[Anonymous]

Anonymous wrote:Europe is a young, dynamic, and growing continent, with a rising IQ thanks to an influx of highly skilled immigrants, and surely their currency will continue to rise in value as their economies boom.

Europe and dynamic and young in the same sentence lol

[Anonymous]

Anonymous wrote:Europe is a young, dynamic, and growing continent, with a rising IQ thanks to an influx of highly skilled immigrants, and surely their currency will continue to rise in value as their economies boom.

European transplant here. Most of the “rich countries” in Europe (including the one I’m from) have aging population, are seeing the consequences of decades of de-industrialization, and are feeling the pull of increasing anti-immigrant sentiment. I can assure you that they do not view themselves as dynamic.

I’m due to fly to France in September and I expect there will be a general strike in all major sectors because the government has to vote an austerity budget. Or the current cabinet will be ousted.

[Anonymous]

As if my first trip to Europe in 15 years wasn’t already going to be expensive enough.