Dollar to Euro at [INSERT NEW LOW HERE] - When Will it hit U.S. retail?

Robert.Fleming · January 15, 2015, 4:08pm

1.1588

A_So · January 15, 2015, 4:26pm

Swiss wines got real expensive all of a sudden…

Nick_Gangas · January 15, 2015, 5:21pm

Why Adrian ? I’ve been buying a lot in Switzerland.

David_Bu3ker · January 15, 2015, 5:23pm

Swiss just un-pegged their currency from the Euro.

Nick_Gangas · January 15, 2015, 5:40pm

Just saw this.

Chae_Yi · January 15, 2015, 6:48pm

Well, let’s hope the EU high court doesn’t strike down the ECB QE initiative. Hoping the Euro goes to $0.85 like when we were in Italy back in 2002!

Mark_Y · January 15, 2015, 6:51pm

would that not kill off a bunch of US exports??

Nick_Gangas · January 16, 2015, 12:40am

l

Don’t be greedy Chae. I’d take parity in a heart beat.

John_Morris · January 16, 2015, 1:43am

The US doesn’t export that much to Europe as a percentage of the US economy.

Michael_Martin · January 16, 2015, 1:41pm

Holding near that today. Wow. When we went to Italy just a few months ago, it was at 1.28.

John_Morris · January 16, 2015, 11:24pm

Another drop today. It ended the day at 1.1567.

Nick_Gangas · January 17, 2015, 1:49am

Bummed about the dollar drop vs. the franc though.

A_S_K_R_O_B_A_C_K · January 21, 2015, 3:39am

EUR/USD close:1.15639

(low:1.15430 high:1.16135)

John_Morris · January 22, 2015, 4:09pm

1.1417 right now

Nathan_V · January 22, 2015, 4:37pm

Did I just see ECB 1.1T QE? That’s about what was expected right?

John_Morris · January 22, 2015, 4:43pm

I guess so since the euro didn’t move that much one direction or the other:

http://www.bloomberg.com/news/2015-01-22/draghi-commits-ecb-to-trillion-euro-qe-plan-in-deflation-fight.html

Mark_Y · January 22, 2015, 5:43pm

for the dummies… is QE suppose to make it stronger against the dollar or weaker?

i.e. if QE goes into place, should i buy some Euro now for my trip?

John_Morris · January 22, 2015, 5:52pm

Mark – Basically the European Central Bank will be printing euros to buy government bonds, which pushes down the value of the euro. But this was widely expected so it had been priced into the euro before the announcement.

David_Bu3ker · January 22, 2015, 6:03pm

Though it’s down to 1.138 now. I bet it gets softer. It’s like a football.

John_Morris · January 22, 2015, 7:02pm

Apropos of that:

“My dream is parity.” – Italian Prime Minister Matteo Renzi in a Wall Street Journal interview yesterday