Euro Prognostication

[Roy Hersh]

The Euro has been trending down this week on news out of Greece. It is at 1.42 vs. USD as of an hour ago. Where do you see it heading this summer and into the autumn?

[Reidar Andersen]

I just can say, a bit offensive, we are glad we have Norwegian Krone .

On the other hand, I am often in the US, at least 4-5 times a year, and don't collect $ either...

Am afraid they may go the same way as €.... But I love to come and love the US, and it is one of the cheapest countries in the world for us to visit.. In all aspects... . So I think they join each other in maybe a downward spiral...

Sorry, but that is how I feel.... And not being an expert....

[Roy Hersh]

The Euro hit 1.45 and I am wondering if it is more likely to hit 1.50 or 1.40 first?

[Eric Menchen]

I was reading that the Euro will likely go back up against the dollar. While Greece is a concern, the ECB, charged with controlling inflation, is likely to raise their prime rate this week by a quarter point. The higher rate compared to rates on the dollar favors the Euro.

[Roy Hersh]

Apparently not. With the trouble in Ireland, today the Euro is below 1.40 again. Will it stay there and continue its recent decline or head upwards again from here?

[Al B.]

The Euro is back up to 1.448. It seems that the "debate" between Obama and Congress is weakening the dollar more than the Greek crisis is unsettling the Euro. The UK economy is shot to bits anyway so not even the pound is strengthening.

[Roy Hersh]

Yes the shameful two party scoundrels in Congress (opposite of PROGRESS) are messing things up pretty good these days. If this goes on for another 48 hours, this will begin to affect global markets and could get really serious if not put to bed prior to the weekend.