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Old 01-08-2015, 02:16 PM   #21
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Yes - pretty amazing ride up for the dollar!

We're importing deflation from China and Europe now, not inflation.
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Old 01-08-2015, 02:18 PM   #22
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Quote:
Originally Posted by Sandhog View Post
Fed needs to start raising interest rate despite the worries of economic recovery. If not, we are going to have another late 70's and early 80's inflation horror. Two simple steps to raising value of dollar which will not happen.
1. Stop printing money
2. Raise interest rate

But it won't happen because with people's money in the bank losing value, government pays debt with lower value than when it borrowed.
Guess it didn't work out that way at all.

Dollar went up even though interest rates have been kept low for an unprecedented amount of time, and the Fed has still been accommodative.

Dollar strength has most to do with who has the strongest economy at any given time.
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Old 01-08-2015, 02:19 PM   #23
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I knew the dollar would strengthen the minute we cancelled our Spain vacation for late spring.
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Old 01-08-2015, 02:38 PM   #24
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Thank you Bestwifeever. I am going to France in May. Hope the trend continues!
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Old 01-08-2015, 03:06 PM   #25
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Dollar strength has most to do with who has the strongest economy at any given time.
Yup, and there's nothing on the radar screen that might change that trend anytime soon. Looks like QE EU-style is right around the corner and the Euro may fall a whole lot more.
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Old 01-08-2015, 04:55 PM   #26
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Thank you Bestwifever! Our bucket list full summer in Europe trip is this summer.
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Old 01-08-2015, 09:01 PM   #27
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Germany already has negative interest rate, meaning the ECB charges banks -0.2%. And a bank now has turned around and charges depositors -0.25%, but only for accounts of greater than 3 million euros. The more you deposit, the more you lose, suckers!

So, what more do they do? Confiscate more money? Haven't these Germans learned of the "lump under mattress" concept?

See: ECB's negative interest rates under fire - The Local.
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Old 01-09-2015, 08:05 AM   #28
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First time in my life, I have seen the rent check decline every month!
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Old 03-06-2015, 02:50 PM   #29
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The Euro now costs under $1.10, time to pack.
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Old 03-06-2015, 03:00 PM   #30
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Hey, I've been looking at French train tickets!
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Old 03-06-2015, 03:04 PM   #31
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My mother has a flight and cruise scheduled for next month in France. Yeah, life is rough for her. Though I think she paid for the trip a month or two ago.
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Old 03-06-2015, 03:13 PM   #32
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Yeah - bummer when the trip is priced in US $!
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Old 03-07-2015, 07:06 AM   #33
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Yeah - bummer when the trip is priced in US $!
Could be worse, you could have your cash and bond assets invested in the eurozone.

Like me
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Old 03-07-2015, 07:48 AM   #34
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Could be worse, you could have your cash and bond assets invested in the eurozone.

Like me
And me, but I'm not planning to spend them in dollars.

Over the last 3 years I've underperformed the market by several percentage points because of the strength of the Euro. In the last 6 months, I'm down $200K but up €160K in Euros, which is what I plan to spend, mostly, in retirement.
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Old 03-07-2015, 07:59 AM   #35
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Skyped with my Canada snowbird best friend from our FL community. They are going North early... partly because of the Canadian Dollar. Far different from the early days when it was worth $1.09 US. Today, under $.80, and promising to head down to the low $.70's, according to some worriers.

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Old 03-07-2015, 10:21 AM   #36
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Yeah - we did a tea order from Canada this week, and wow - so much cheaper this year!!!!! What a discount!
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Old 03-07-2015, 10:29 AM   #37
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Yeah - bummer when the trip is priced in US $!
I noticed that many hotel booking websites show the various prices in dollars (Bookings.com for example). I assume they don't give one the benefit of a stronger dollar, nor would they charge more if the dollar fell. Does anybody have experience with this?
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Old 03-07-2015, 12:30 PM   #38
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I noticed that many hotel booking websites show the various prices in dollars (Bookings.com for example). I assume they don't give one the benefit of a stronger dollar, nor would they charge more if the dollar fell. Does anybody have experience with this?
They are simply are doing the conversion to dollars from Euros.

You can switch the currency to Euros if you want. That would be the true price the hotel. And when you pay, use a no transaction fee card.

I always go directly to the hotel website to make any bookings.
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Old 03-07-2015, 01:22 PM   #39
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I always go directly to the hotel website to make any bookings.
I made a booking, in Euros, from France, for a hotel in France, through the IHG (Holiday Inn, etc) web site a few months ago. The price shown on the final checkout screen was quite a bit higher than what had been displayed up until then. I took screenshots and phoned the hotel. They told me they would definitely find out what had gone wrong. I told them I didn't really care what had gone wrong, I just wanted them to honour the rate on the first page I saw. After some to-ing and fro-ing, they did. Apparently it was related to exchange rate issues within the site, even though it was a "local" transaction.

In the early days of Web booking, I would check the rate at booking.com, venere.com, etc, and phone the hotel to suggest that we split the difference between what the site was charging me and what they were paying the hotel. I've noticed that many hotels no longer accept this kind of negotiation; perhaps they've been bitten by mystery shoppers from the sites...
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Old 03-07-2015, 01:23 PM   #40
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I recently took advantage of the slump in the Euro do to some shopping on a couple of European retail websites. Even with the international shipping, I saved 20% on European goods compared to what I would have paid at US retailers.

My net worth reached new highs in both USD and Euros in February. My investments held in the Eurozone are a drag on my USD net worth obviously, but my USD investments have done well enough to prevent an outright fall.
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