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The Euro at $1.10 is at one of its lowest level. This suggests that the dollar does not drop in value, or that the Euro drops faster.
by jknz 6y ago
The Euro at $1.10 is at one of its lowest level. This suggests that the dollar does not drop in value, or that the Euro drops faster.
- TekMol 6y agoWell, while the FED is printing $, the ECB is printing €. Who prints more is hard to say. One reason is the question, which definition of money we look at. Only central bank money? Or also private bank money? And there are many other forms of money. Even if we only look at central bank money, it is tricky: Central bank money is not only created at the central bank. But also in private banks. For example in Germany, the central bank just announced they will back up 100% of loans that private banks give to businesses. So the private banks now can loan money without risk. Basically printing central bank money on their own.
- redis_mlc 6y agoThe euro is a fictional currency, backed loosely by one real economy and several failed ones. The euro is actually worth about 10 US cents, if that.
- raverbashing 6y agoCool so you're telling me you will sell me 10kEUR for 1kUSD? Where do I send the money to?