For The Love Of Port

It has been since August that the 1.20 threshold was crossed. Now again it is looking more and more likely that the levee will break.

At the moment: 1.19267

Are we going to see 1.25 by the end of the year or will the Euro be closer to 1.15?

Will 1.20 become the new normal the next couple of years?

Well, the US tax cut motivated me to check today. Things have been worsening over the past week for the US$, but it is still in the range it's been in for the past three months.
1.18794

Uh oh ... 1.19265. Just about guaranteed to break 1.20 now.

Glad I hedged a bit of loose change early in the year at 1.084, but should have doubled what I invested, but I am just not that smart.

1.20095

The dreaded day the music died.

1.220

Roy Hersh wrote:1.220

But the tax cut

Yep!

1.22741 ... question being, which will be hit next 1.20 or 1.25?

Roy Hersh wrote:Yep!

1.22741 ... question being, which will be hit next 1.20 or 1.25?

1.50

Thomas V wrote:

Roy Hersh wrote:Yep!
1.22741 ... question being, which will be hit next 1.20 or 1.25?

1.50

I understand where you're coming from, but Europe will screw something up too, maybe Brexit, maybe a financial crisis in a country or two ...

1.25005 at the moment.

Our "economy is in great shape" says our fearless leader. Really, so why is the US$ at the weakest it has been in 3 years???

Blame Obama. If that doesn't fly, then lock her up. Obviously joking and I'll never do it again!

Roy Hersh wrote:1.25005 at the moment.

Our "economy is in great shape" says our fearless leader. Really, so why is the US$ at the weakest it has been in 3 years???

Blame Obama. If that doesn't fly, then lock her up. Obviously joking and I'll never do it again!

Isn't this a deliberate strategy to strengthen American export. Lower USD equals more export?

Thomas V wrote:Isn't this a deliberate strategy to strengthen American export. Lower USD equals more export?

That depends on who you ask, and what day it is, and whether someone has been on Twitter lately, and ...

1.20906 ... let's hope this slow decrease in the Euro, continues to trend even lower.

Anybody have "guesses" as to which direction the Euro is headed?

Nice to see it hanging below 1.20 for the first time in months!

1.18137 ... yes!

Yes!

Roy Hersh wrote:1.18137 ... yes!

Seems Italy's issues are helping the matter.

In the nick of time ... 1.15642 at the moment. Love the decline at this precise time. Keep it up!!!

You can thank Italy.