Similarly, the pound has tumbled in recent weeks against the euro and dollar as the euro zone's debt crisis has subsided, laying bare the U.K. economy's stubborn problems and weakening sterling's appeal as a haven alternative to the euro.
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"The current euro-dollar rate is more of a reason to be happy than concerned, " he said.
Yet even after the move, many trust a devalued franc over a fragile euro or dollar.
He is reported to have raised the question of the euro-dollar exchange rate with Mr Bush.
Jen says both the euro and dollar rode the credit boom and the subsequent crash largely unaffected.
The long-term chart of the euro-dollar exchange rate shows a series of lower highs since 2007 (line c).
Only one bank, Goldman Sachs, expects the euro-dollar rate to rise above parity within the next 12 months.
Gold prices surged starting March 15, as the Cypriot banking crisis was erupting, as the euro-dollar exchange rate broke down.
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Snapshots of the euro in dollar terms on June 30 and September 30 would show the dollar fell 1.6%, Koester says.
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Brazil, Russia, India and China, the BRIC countries, are back to talking about creating a unified financial system where they can avoid euro and dollar volatility.
After reaching a high point early in the European trading session of 1.2304 the euro and dollar have been battling back and forth through the midpoint of the US trading session.
Since the exchange rate is a binary issue, not distorted by an overhang of global liquidity, we take euro-dollar stability and falling gold as rejecting the idea of a Fed rate cut.
And I was comparing his economic comments with my position, and strangely enough and luckily enough, I can actually afford more things in America these days because of the ruble which is so stronger than the -- comparatively than euro and dollar were meant to be.
What is required is a statutory device adopted by both Europe and the U.S. by which the dollar and euro can be fixed to one another through gold, in consequence of which all other currencies would be compelled "as if by a hidden hand" to align themselves properly with gold through the dollar or euro.
For illustrative purposes only, ignoring taxes, regulatory burdens, and transportation costs or differing local tastes, if the dollar equals the euro and it takes a dollar to buy a dozen eggs then it too will take a euro to buy those eggs.
It could also bring to a halt the appreciation of the euro against the dollar that is hurting the export-reliant euro area.
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Analysts Nomura have a year-end price target of 1.30 for the euro against the dollar, having made numerous calls to short the euro.
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Now, it is clear why: He believes it is possible and desirable to link the dollar and the euro by bureaucratic fiat (pun most certainly intended) simply by having the U.S. Treasury fix the exchange rate between the dollar and the euro by decree.
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The bet against the dollar is buying the PowerShares DB US Dollar Index Down ( UDN), which moves higher tracking a basket of currencies including the euro versus the dollar.
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There has been some market chatter that Asian central banks, which are thought to have conducted dollar-buying intervention over the last few weeks, may be looking to sell the dollar to buy currencies such as the euro and the Australian dollar, in order to diversify their portfolios, Ryan said.
The bank essentially performs foreign exchange transactions, such as yen vs. euro, or dollar vs.
"The extreme weakness of the euro makes the dollar look strong by comparison, " she said.
The euro versus the dollar has a positive divergence in momentum, but not a positive weekly close.
There are forecasters who reject the picture of a steady rise in the euro against the dollar.
The euro versus the dollar rebounded from 1.4173 to 1.4528 last week as another Greek debt crisis was avoided.
The euro versus the dollar rebounded from 1.2496 to 1.2635 staying above its 50-day simple moving average at 1.2364.
How damaging this would be would depend on the stability of the relationship between the euro and the dollar.
None of this, though, justifies the slide of the euro against the dollar.
That is no longer so after recent rate cuts and sterling has suffered against both the euro and the dollar.
The case for a further drop in the euro against the dollar has more than just momentum to back it.
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