But seriously, what does this mean for the EU market?
Ok how can we cope?
Now we talking, the start of EU fall.
(again)… worth bearing in mind this happened a few weeks ago as well, while it’s psychologically quite a big thing, unless it *keeps* going down it’s been flirting with this level for months so it’s unlikely to have a material impact.
Fuck sake, I closed my position this morning thinking it’d never drop below parity. Oh well.
…you’re kinda late to the party.
Anyways, as far as I know, this is because the fed in the US have made the interest rates higher, meanwhile here in europe the CEB could not because if they did, countries like italy would not be able to pay back the interests so we would die.
It can be good for exports since now the US can buy more stuff from us and has to spend…well, much less than before (if they wanted to buy 100€ worth of cheese they had to pay 130$ a couple of years back, now they pay 100$ for 100€ worth of cheese, for example)
But I dont know about other concequences other than the moral one of having a stronger currency than the dollar
Nice
Meanwhile ECB won’t raise interest rates. Fuck us middle class
Oh wow
What up!? American here that’s been lurking! USA #1, baby! Cheap beer, NASCAR, and barely functioning democracy! Hell yeah! Best country in the world!
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“This is good for Bitcoin”
But seriously, what does this mean for the EU market?
Ok how can we cope?
Now we talking, the start of EU fall.
(again)… worth bearing in mind this happened a few weeks ago as well, while it’s psychologically quite a big thing, unless it *keeps* going down it’s been flirting with this level for months so it’s unlikely to have a material impact.
Fuck sake, I closed my position this morning thinking it’d never drop below parity. Oh well.
…you’re kinda late to the party.
Anyways, as far as I know, this is because the fed in the US have made the interest rates higher, meanwhile here in europe the CEB could not because if they did, countries like italy would not be able to pay back the interests so we would die.
It can be good for exports since now the US can buy more stuff from us and has to spend…well, much less than before (if they wanted to buy 100€ worth of cheese they had to pay 130$ a couple of years back, now they pay 100$ for 100€ worth of cheese, for example)
But I dont know about other concequences other than the moral one of having a stronger currency than the dollar
Nice
Meanwhile ECB won’t raise interest rates. Fuck us middle class
Oh wow
What up!? American here that’s been lurking! USA #1, baby! Cheap beer, NASCAR, and barely functioning democracy! Hell yeah! Best country in the world!