European Union Forums

[sasha]

I agree, but at larger scale (macrolevel) we could see that these enterprizes get better position over rivals at its own market. This is motivated and controled by political structures, not by plain market mechanisms. There are some Deuche Bank analisys of this, but I couldn't find it now.

[Steven]

If a certain enterprise was chosen by the state to render services it is not by chance, 'cause before choosing a representative company the state's normally organizes tenders. That's why all companies have equal chances to participate in the state's activity, but the best is the winner.

[sasha]

Is it fair ?

[willyoumind]

If I have the choice, I would prefer the Euro than US dollar, as it has more value...

The U.S. economy is in the slump now, and I think the condition will still remain the same, even after Obama had become the next new President...

[Benn]

Actually these days dollar appreciated against euro by 20 cents. Euro is giving away its position.

[Steven]

I was surprised to see that the GB pound is depreciating as well. My God, it's a real crisis for Europe.

[Karl.in.eu]

Actually these days dollar appreciated against euro by 20 cents. Euro is giving away its position.

I don’t know ere from did you get this info. A depreciation of 20 cents in a sudden would be catastrophic.
It is only a 10 cent deprecation. Please check the ECB web site: http://www.ecb.int/stats/exchange/eurof ... sd.en.html

Accordingly to this graph there was a depreciation of maximum12 cents, which is quite normal, it happened to other currencies from time to time too

[Steven]

will the euro continue depreciating against dollar, or it's just a temporary breakdown?

[Hakan G]

Such major currencies depend on too many factors to be forecasted. I doubt there is somebody to be able to make the proper assumption and to get it every time right, even large banks don’t have the power to do it.

[Karl.in.eu]

I saw not only once how analysts from major banks were making statements toward this topic…

[Hakan G]

Well, imagine being an analyst and a TV reporter will come to you and ask your opinion on the current situation of the currency sentiment. If you say: well, I don’t know… it is difficult…Then next time that news reporter won’t ever come back to you again. Financial analysts of major banks are paid enough to have an opinion every time, anytime, otherwise bank’s reputation will drop down, investments will slow, and later your job is transformed in a vacancy

[Terry]

Well, imagine being an analyst and a TV reporter will come to you and ask your opinion on the current situation of the currency sentiment. If you say: well, I don’t know… it is difficult…Then next time that news reporter won’t ever come back to you again. Financial analysts of major banks are paid enough to have an opinion every time, anytime, otherwise bank’s reputation will drop down, investments will slow, and later your job is transformed in a vacancy

that's an interesting point of view. So it seems that analysts could tell lies to people only for keeping their jobs?

[Hakan G]

Yes, but to keep up his reputation too.

[Benn]

if it's so, whom do we trust? Maybe each of us must have a, more or less, average economic education so that we could make forecasts by our own.
By the way, GBP seems to appreciate now against dollar. What is it connected with?

[Karl.in.eu]

The GBP was 1.8-2.00 USD for ages, no?

[Faw_Peter]

Oh, but no Karl. Recently it went down to 1.7x. That is due to the fact UK's relation with Russia worsened, now peace seems to have got reestablished and consequently it's appreciating.

[Hakan G]

Oh, but no Karl. Recently it went down to 1.7x. That is due to the fact UK's relation with Russia worsened, now peace seems to have got reestablished and consequently it's appreciating.

What does Russia has to do with the Sterling?

[Terry]

What I saw today really shocked me out! 1 euro = 1.28 dollars, and 1 pound = 1.62 dollars.
How far will it go down? If it keeps going on, then we could go back to the stone era.

[Terry]

After depreciating to 1.22 dollars per euro, the latter seems to be getting back. Today 1 euro = 1.3 dollars.

[M.Helen]

I expected the dollar to rise after Obama's winning, but I see no changes. Maybe true changes will appear when Obama takes the president's seat, on January 20?

[Martin]

I think dollar always will have priority. Euro is more unstable than dollar and it is not very good for nobody. I'm not saying that dollar is better but at least it is not so unstable as the euro is, and it is safer.