Can confirm, signed a contract to be paid in dollars, when it came through after work completion, I cried a bit.
Well, it had nothing to do with Euro gains, but tremendous loss of confidence into the USD.
Contractors to US from Europe salaries just fell bu 13% basically
Let the euro gain some value
1 swiss franc is almost 1,26 USD…
Is it a Euro gain, or a USD loss?
Either way, those 20% tarrifs are equalling themselves out it seems. The sad bit is it’s doubling the cost for Americans.
But hey, you get what you vote for, so, no refunds.
So the jump from USD to EUR is now bigger than the jump from EUR to GBP… wow
No good news for the European economy.
Or in other words, my US investments fell by additional 13% on top of my wise investment choices
RIP my RSUs
This is not good.
Having strong currency is not good if Europe trying be be more competitive in manufacturing in Europe and selling abroad. It’s the reason why China is constantly accused of manipulating their currency.
My dollar debt has been my best investment this year, lol
For exports from the EU a stong Euro isn’t always beneficial.
And for US companies, it can be beneficial, I mean it’s not like Apple for instance dropped prices in Euro for iphones.
But in the end I personally have no actual influence on the currency rate anyway…
back to 1.30 fast
I get paid in US$…. 🤬🤬🤬. Yay 13% pay cut…
Condolences to everyone who earns USD but lives in Europe
A really smart president said that a weak USD is actually a really good thing.
This is all by design. The Republicans are trying to solve the Triffin Dilemma, which requires the USD to fall precipitously.
Which means that the american exports are now cheaper and american manufacturers are more competitive vs european ones. Good for European tourists going to the US though….
The US Dollar hasn’t been this low to the Euro since 2021
Good news. Traveling to the US has become much cheaper for European tourists. Oh, wait…
I remember it being around 1.50/Euro. It has been much worse.
This is what Trump wants. It will be cheaper to export from the US to Europe than from Europe to the US.
As a wine importer in the U.S. buying wines from Europe, the exchange actually hurt my business more than the tariffs, but the one, two punch was really terrible
Look at last 5 years. This is just recorrection
The real short answer is that USD has devalued against all currencies… and that’s pretty much what Trump wants to increase exports by becoming more competitive.
27 comments
Can confirm, signed a contract to be paid in dollars, when it came through after work completion, I cried a bit.
Well, it had nothing to do with Euro gains, but tremendous loss of confidence into the USD.
Contractors to US from Europe salaries just fell bu 13% basically
Let the euro gain some value
1 swiss franc is almost 1,26 USD…
Is it a Euro gain, or a USD loss?
Either way, those 20% tarrifs are equalling themselves out it seems. The sad bit is it’s doubling the cost for Americans.
But hey, you get what you vote for, so, no refunds.
So the jump from USD to EUR is now bigger than the jump from EUR to GBP… wow
No good news for the European economy.
Or in other words, my US investments fell by additional 13% on top of my wise investment choices
RIP my RSUs
This is not good.
Having strong currency is not good if Europe trying be be more competitive in manufacturing in Europe and selling abroad. It’s the reason why China is constantly accused of manipulating their currency.
My dollar debt has been my best investment this year, lol
For exports from the EU a stong Euro isn’t always beneficial.
And for US companies, it can be beneficial, I mean it’s not like Apple for instance dropped prices in Euro for iphones.
But in the end I personally have no actual influence on the currency rate anyway…
back to 1.30 fast
I get paid in US$…. 🤬🤬🤬. Yay 13% pay cut…
Condolences to everyone who earns USD but lives in Europe
A really smart president said that a weak USD is actually a really good thing.
This is all by design. The Republicans are trying to solve the Triffin Dilemma, which requires the USD to fall precipitously.
Which means that the american exports are now cheaper and american manufacturers are more competitive vs european ones. Good for European tourists going to the US though….
The US Dollar hasn’t been this low to the Euro since 2021
Good news. Traveling to the US has become much cheaper for European tourists. Oh, wait…
I remember it being around 1.50/Euro. It has been much worse.
This is what Trump wants. It will be cheaper to export from the US to Europe than from Europe to the US.
As a wine importer in the U.S. buying wines from Europe, the exchange actually hurt my business more than the tariffs, but the one, two punch was really terrible
Look at last 5 years. This is just recorrection
The real short answer is that USD has devalued against all currencies… and that’s pretty much what Trump wants to increase exports by becoming more competitive.
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