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Subject:
Euro versus U.S. Dollar ---- What is the forecast over the next 6-12 months?
Category: Business and Money > Finance Asked by: nronronronro-ga List Price: $30.00 |
Posted:
21 Apr 2003 22:42 PDT
Expires: 21 May 2003 22:42 PDT Question ID: 193652 |
Hi There! I am a financial advisor, and have a wealthy client who wants to know what the Euro is going to do versus the dollar. Unfortunately, I specialize in U.S. markets; Europe is not my area of expertise. In fact, my only expertise comes from National Lampoon's "European Vacation." :-) I need 3 links with Euro forecasts by 6 AM (PST) on April 22. That's 8 hours from now. A 5-star answer would be very practical, very down-to-Earth. In other words, "Mr. Jones, here's what is going to happen to the Euro, and here's why. Now aren't you glad I keep up with Europe for you?" All comments greatly appreciated. Thank you!! ron |
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Subject:
Re: Euro versus U.S. Dollar ---- What is the forecast over the next 6-12 months?
Answered By: robertskelton-ga on 22 Apr 2003 00:54 PDT Rated: |
Hi Ron, Thanks for your nice comment! The first two sites are the best (one of which I found since posting my comment). ForexNews http://www.forexnews.com/research/default.asp?loc=eurusd03 FxStreet: Special Report USD EUR http://www.fxstreet.com/nou/content/102118/content.asp?menu=forecasts Forecasts.org - 6 month forecast http://www.forecasts.org/euro.htm emecklai.com - 3 month projection http://www.emecklai.com/mecklai/forex/forecast/NTFxmajorsMc.asp Business Week Online: The Euro Zone Beckons. Should You Follow? http://www.businessweek.com/bwdaily/dnflash/jan2001/nf20010119_154.htm Here's a chart of how they were over the last 120 days: http://www.x-rates.com/d/EUR/USD/graph120.html Search Strategy: browsed Google Directory http://directory.google.com/Top/Business/Investing/Commodities,_Futures/Forex/?il=1 As megagaga-ga mentions, even if it is educated guesswork, it's just guesswork. Financial forecasters are like newspaper horse tipsters - if they really knew, then they would quit telling others and quietly make a fortune. Imagine if there was another 9/11 - what would happen to the $US then. In fact, you could probably get great odds on nothing unpredictable occuring in the next 6 months. Best wishes, robertskelton-ga |
nronronronro-ga
rated this answer:
Very informative answer in a limited amount of time. Thanks again !! ron |
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Subject:
Re: Euro versus U.S. Dollar ---- What is the forecast over the next 6-12 months?
From: robertskelton-ga on 21 Apr 2003 23:19 PDT |
Hi, I won't attempt an answer, because not only is it over my head, I get confused about whether the numbers mean the Euro will get stronger or weaker! Forecasts.org - 6 month forecast http://www.forecasts.org/euro.htm emecklai.com - 3 month projection http://www.emecklai.com/mecklai/forex/forecast/NTFxmajorsMc.asp Business Week Online: The Euro Zone Beckons. Should You Follow? http://www.businessweek.com/bwdaily/dnflash/jan2001/nf20010119_154.htm FxStreet: Special Report USD EUR >>> the best of the bunch <<< http://www.fxstreet.com/nou/content/102118/content.asp?menu=forecasts |
Subject:
Re: Euro versus U.S. Dollar ---- What is the forecast over the next 6-12 months?
From: megagaga-ga on 22 Apr 2003 00:25 PDT |
The fact is that nobody knows. Boy, if someone did, wouldn't he make a fortune? Some years ago, I wanted to buy forward to hedge a major deal, so I consulted the experts. They told me not to worry and two days later there was 'a devaluation' that left me seriously disadvantaged. My gut feel is that's there's not much to choose between the two currencies at present, so why not recommend that your client should try to spread his risks by having a foot in both camps? Then, whatever happens, he comes out smiling. BUT, if you plump for one and it goes sour, he may never forgive you. It's a gamble either way, so you tell your client that, sorry, nobody has a crystal ball that's infallible. |
Subject:
Re: Euro versus U.S. Dollar ---- What is the forecast over the next 6-12 months?
From: nronronronro-ga on 22 Apr 2003 00:25 PDT |
Robert---that is a wonderful Google Answer. Please post as an "official" answer so I can pay you, and give 5 stars. Thx! ron |
Subject:
Re: Euro versus U.S. Dollar ---- What is the forecast over the next 6-12 months?
From: nronronronro-ga on 22 Apr 2003 00:27 PDT |
Megagaga, Yours is either the voice of wisdom or a Japanese monster from the 1960's... :-) Thank you for the terrific advice. I take it seriously, and appreciate your taking the time to offer it. ron |
Subject:
Re: Euro versus U.S. Dollar ---- What is the forecast over the next 6-12 months?
From: megagaga-ga on 22 Apr 2003 03:38 PDT |
Hi, Ron Thanks for your comment. As a further thought, the best advice to give is 'to limit his exposure'. Tell him to try and match his debts and his creditors, by currency. Possibly, by rearranging his borrowings accordingly. Meg |
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