US Dollar
Apr 21st 2011, 2:21 pm
#1
Forum Regular
Thread Starter
Joined: Mar 2011
Posts: 41
US Dollar
Its weakening and weakening!! Now, do i buy a stash of dollars today or wait and see if it falls further....?!
Apr 21st 2011, 2:26 pm
#2
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Joined: Sep 2008
Posts: 33
Re: US Dollar
I'm gutted, we transferred a couple of weeks agao and it wasn't as good as now. We were told it was going to fall and wish we waited now!!!
Apr 21st 2011, 2:45 pm
#3
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Joined: Feb 2011
Location: Wirral, UK
Posts: 57
Re: US Dollar
Im coming over for 10 days in November - I am debating whether or not to get some now. Or wait to see if it falls further.
Apr 21st 2011, 3:52 pm
#4
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Thread Starter
Joined: Mar 2011
Posts: 41
Re: US Dollar
Ive just spoken to a dealer that i deal with through work and he advises that some GDP data on the uk which would see the usd strengthen a bit comes out on the 27th. GDP is expected to strengthen per some reports although not by much causing economists still fearing a weak recovery causing teh dollar to gain back against sterling.
This is all just talk and internet reports of ''experts'' but do i take a punt and hope it doesnt go any higher???! Arrgghhh!!!
This is all just talk and internet reports of ''experts'' but do i take a punt and hope it doesnt go any higher???! Arrgghhh!!!
Apr 21st 2011, 3:54 pm
#5
Forum Regular
Joined: Feb 2011
Location: Wirral, UK
Posts: 57
Re: US Dollar
Ive just spoken to a dealer that i deal with through work and he advises that some GDP data on the uk which would see the usd strengthen a bit comes out on the 27th. GDP is expected to strengthen per some reports although not by much causing economists still fearing a weak recovery causing teh dollar to gain back against sterling.
This is all just talk and internet reports of ''experts'' but do i take a punt and hope it doesnt go any higher???! Arrgghhh!!!
This is all just talk and internet reports of ''experts'' but do i take a punt and hope it doesnt go any higher???! Arrgghhh!!!
Apr 21st 2011, 7:14 pm
#6
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Thread Starter
Joined: Mar 2011
Posts: 41
Re: US Dollar
Damn, its lost half a point already!! May have missed the boat 
Apr 21st 2011, 9:22 pm
#7
Ping-ponger
Joined: Jul 2002
Location: Dreich Alba
Posts: 12,006
Re: US Dollar
Based on the dozens of previous posts at similar points in the USD/GBP exchange cycle, there's a 50/50 chance that the USD will go up or down.
I spent almost a month wrestling with my US bank to transfer my remaining USD into the UK several months back, when it was at $1.35. By the time it arrived, the pound was up above $1.55, so I hung on and it's now at almost $1.65.
Robert Frost (I think) once said that a door is something a dog is always on the wrong side of. Over the past 30 years, the USD/GBP exchange rate is something I always seem to be on the wrong side of.
I spent almost a month wrestling with my US bank to transfer my remaining USD into the UK several months back, when it was at $1.35. By the time it arrived, the pound was up above $1.55, so I hung on and it's now at almost $1.65.
Robert Frost (I think) once said that a door is something a dog is always on the wrong side of. Over the past 30 years, the USD/GBP exchange rate is something I always seem to be on the wrong side of.
Apr 21st 2011, 10:32 pm
#8
Joined: Apr 2005
Location: Milwaukie, Oregon
Posts: 9,965
Re: US Dollar
The broker I deal with once said "If the rate is acceptable to you take it. Those that are greedy and try and milk for a few extra dollars usually lose out."
Apr 22nd 2011, 4:56 am
#10
Lost in BE Cyberspace
Joined: Jun 2008
Location: San Francisco Bay Area
Posts: 10,678
Re: US Dollar
The federal reserve and the US government are deliberately allowing the US$ to weaken to give the US an advantage in exports against its main competitors (Europe, UK, Japan, Australia, and Canada).
I suspect the US government would be happy to see the US$ fall to $1.80 to the £ and $1.60 to the Euro. However things like the European sovereign debt crisis could turn exchange rates around on a dime especially if one of the countries defaults or Spain gets into trouble .
I suspect the US government would be happy to see the US$ fall to $1.80 to the £ and $1.60 to the Euro. However things like the European sovereign debt crisis could turn exchange rates around on a dime especially if one of the countries defaults or Spain gets into trouble .
