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Have you seen any impact of the Euro's drop against the dollar in your day to day life? Say, things from American companies getting substantially more expensive

by spaceman_2020 4y ago

Have you seen any impact of the Euro's drop against the dollar in your day to day life? Say, things from American companies getting substantially more expensive, or salaries rising to keep pace with American counterparts?

Juliate 4y ago
At this point, EUR/USD parity is way less perceivable and concerning in our daily lives than the gas/energy that is coming full speed towards us (seen from France), which is driving a lot of first and second order prices (heating, transportation in general, food, construction).
- lazide 4y ago
  With a lot of fuel and energy trades denominated in the dollar, and all fuel and energy trades in competition with one of the largest economies which happens to be dollar denominated, these are not separate issues. The ‘stronger’ (relatively) the dollar, the more expensive energy will be in every other currency.
  - Juliate 4y ago
    Yes, but the USD is not the driving factor. It's a coefficient, for sure. I mean, yes, it's very concerning. But what's even more concerning is the perspective of the consequences on the next few years. We'll perhaps get a difficult winter and social/political troubles because of that, yes. But on the balance is: the current Russia powers overcoming this and succeeding to establish something completely different in Europe through war. Plus the incertitude as to USA's support, provided that we now know they may as well elect something as disastrous as Trump in 2 years time.
    - lazide 4y ago
      Well, it isn’t THAT different. Ukraine was part of the USSR after all, and it wasn’t that long ago that most of Eastern Europe was too - because of war. That Stalin wasn’t the most aggressive aggressor that started it THAT time being cold comfort for everyone under the Russian thumb. Europe has a long history of wars of conquest, extermination, religious intolerance, etc. We did recently have a nice sunny spell though.
larusso 4y ago
I’m also from Germany so I feel I can answer. 1) No not yet anyways. The inflation is only really visible in gas/energy prices and groceries. I know that some EV car manufacturers had to increase prices but that has a different reason. 2) The german tech sector never tried to compete with US salaries. I for one have quite the income (base+bonus+other monetary benefits) but am way behind a Silicon Valley counterpart. And I mean with cost of living etc included. My company is constantly adjusted the salaries. But we still base it on market conditions in Europe not world wide. And they don’t want to react to inflation so fast. But that is only my experience. Major city in Germany btw.
theplumber 4y ago
Everything gets more expensive(i.e restaurant bill, dentistey bill). I don't think it's due EUR/USD rate. It's oil & gas.
deleted 4y ago
[deleted]

Juliate 4y ago

At this point, EUR/USD parity is way less perceivable and concerning in our daily lives than the gas/energy that is coming full speed towards us (seen from France), which is driving a lot of first and second order prices (heating, transportation in general, food, construction).

lazide 4y ago
With a lot of fuel and energy trades denominated in the dollar, and all fuel and energy trades in competition with one of the largest economies which happens to be dollar denominated, these are not separate issues. The ‘stronger’ (relatively) the dollar, the more expensive energy will be in every other currency.
- Juliate 4y ago
  Yes, but the USD is not the driving factor. It's a coefficient, for sure. I mean, yes, it's very concerning. But what's even more concerning is the perspective of the consequences on the next few years. We'll perhaps get a difficult winter and social/political troubles because of that, yes. But on the balance is: the current Russia powers overcoming this and succeeding to establish something completely different in Europe through war. Plus the incertitude as to USA's support, provided that we now know they may as well elect something as disastrous as Trump in 2 years time.
  - lazide 4y ago
    Well, it isn’t THAT different. Ukraine was part of the USSR after all, and it wasn’t that long ago that most of Eastern Europe was too - because of war. That Stalin wasn’t the most aggressive aggressor that started it THAT time being cold comfort for everyone under the Russian thumb. Europe has a long history of wars of conquest, extermination, religious intolerance, etc. We did recently have a nice sunny spell though.

larusso 4y ago

I’m also from Germany so I feel I can answer. 1) No not yet anyways. The inflation is only really visible in gas/energy prices and groceries. I know that some EV car manufacturers had to increase prices but that has a different reason. 2) The german tech sector never tried to compete with US salaries. I for one have quite the income (base+bonus+other monetary benefits) but am way behind a Silicon Valley counterpart. And I mean with cost of living etc included. My company is constantly adjusted the salaries. But we still base it on market conditions in Europe not world wide. And they don’t want to react to inflation so fast. But that is only my experience. Major city in Germany btw.

theplumber 4y ago

Everything gets more expensive(i.e restaurant bill, dentistey bill). I don't think it's due EUR/USD rate. It's oil & gas.

deleted 4y ago

[deleted]