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Volo Libero
Cittadino
Posted
From La Repubblica:
quote:
L'euro prosegue gli scambi in caduta libera nei confronti del biglietto verde, dopo le indicazioni emerse ieri dal numero uno della BCE, Jean Claude Trichet in conferenza stampa. Infatti, il Presidente della banca centrale europea, mettendo l'accento sulle preoccupazioni relative alla crescita, ha definitivamente smorzato la convinzione che la banca centrale possa procedere ad ulteriori rialzi dei tassi nel prossimo futuro, aprendo anche la strada a possibili tagli, in considerazione delle dinamiche della crescita future. L'euro scambia stamattina a 1,5233 usd, in pesante calo rispetto alla chiusura di ieri, dopo aver bucato la vigilia l'importante supporto posto in area 1,54 usd. Un'accelerazione ribassista, con conseguente aumento della volatilità, potrebbe portare l'euro a testare nuovi supporti in area 1,42-1,43 nel prossimo futuro.
 
Posts: 14208 | Location (City & State): Friuli | Registered: 21 November 2004Reply With QuoteEdit or Delete MessageReport This Post
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Cittadino
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Thanks. Its good to hear some good news these days.
 
Posts: 2506 | Location (City & State): Connecticut, USA | Registered: 07 October 2005Reply With QuoteEdit or Delete MessageReport This Post
Permesso di Soggiorno
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Good for who?
One man's meat is another man's poison!
 
Posts: 198 | Location (City & State): rome | Registered: 23 October 2006Reply With QuoteEdit or Delete MessageReport This Post
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Good for me, for one!! wine Wheee!
 
Posts: 103 | Location (City & State): new york, ny | Registered: 15 June 2008Reply With QuoteEdit or Delete MessageReport This Post
Volo Libero
Cittadino
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quote:
Originally posted by chrisb:
Good for who?

Good for those of us who are paid in dollars but must pay expenses in Euro.
 
Posts: 14208 | Location (City & State): Friuli | Registered: 21 November 2004Reply With QuoteEdit or Delete MessageReport This Post
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Also good for those who are using money saved up in dollars to move to Italy.
 
Posts: 103 | Location (City & State): new york, ny | Registered: 15 June 2008Reply With QuoteEdit or Delete MessageReport This Post
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Just purchased $200 worth of euros from a Wells Fargo Bank in Salt Lake City and got 125€, enough for toll booths and a stop or two at an Autogrill.
 
Posts: 114 | Location (City & State): Utah now, Toscana next | Registered: 23 August 2007Reply With QuoteEdit or Delete MessageReport This Post
Volo Libero
Cittadino
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Here's an article in English on the same topic:
Euro Falls the Most in 8 Years on Reduced Bets for Higher Rate
 
Posts: 14208 | Location (City & State): Friuli | Registered: 21 November 2004Reply With QuoteEdit or Delete MessageReport This Post
Moderator
Cittadino
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quote:
Originally posted by vittorio2010:
Just purchased $200 worth of euros from a Wells Fargo Bank in Salt Lake City and got 125€, enough for toll booths and a stop or two at an Autogrill.


I don't know what Wells Fargo charged you per Euro but I got raped by my dear old Bank of America. They charged my nearly $0.10 more than it cost to withdraw Euro at ATM in Italy using my little local banks ATM card.

Buyer Beware!
 
Posts: 2506 | Location (City & State): Connecticut, USA | Registered: 07 October 2005Reply With QuoteEdit or Delete MessageReport This Post
Turista
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quote:
They charged my nearly $0.10 more than it cost to withdraw Euro at ATM in Italy using my little local banks ATM card.


Your US bank/credit card company will always give you the current exchange rate when withdrawing Euros from an ATM, while an exchange bureau will always mark up a few cents from the actual rate.

Personally, I never bring cash to Europe, just a CC and a Debit Card.
 
Posts: 12 | Location (City & State): Maryland U.S ( Former Friuli resident ) | Registered: 21 July 2008Reply With QuoteEdit or Delete MessageReport This Post
Volo Libero
Cittadino
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One factor lowering confidence in the Euro:
quote:
The Italian economy, chronically stagnant over the last decade, shrank in the second quarter by 0.3 percent, according to the government data.

Another quarter of decline would mark the country’s fourth recession — defined as two consecutive quarters of negative growth — in a decade.


See http://www.nytimes.com/2008/08/09/business/worldbusiness/09euro.html?em
 
Posts: 14208 | Location (City & State): Friuli | Registered: 21 November 2004Reply With QuoteEdit or Delete MessageReport This Post
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I never thought I'd be so happy and sad for Italy at the same time...
 
Posts: 103 | Location (City & State): new york, ny | Registered: 15 June 2008Reply With QuoteEdit or Delete MessageReport This Post
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I'm a bit late on the come back due to other activities but of course I realize who it is good for and who it is not good for i.e. people who go to the USA on vacation and Americans who are selling up to go back to live in the USA. I was merely pointing out that to say a strengthening dollar is good is meaningless.
 
Posts: 198 | Location (City & State): rome | Registered: 23 October 2006Reply With QuoteEdit or Delete MessageReport This Post
Volo Libero
Cittadino
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quote:
I was merely pointing out that to say a strengthening dollar is good is meaningless.

Thank you for sharing that bit of keen insight with us. thanx_1
 
Posts: 14208 | Location (City & State): Friuli | Registered: 21 November 2004Reply With QuoteEdit or Delete MessageReport This Post
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my pleasure
 
Posts: 198 | Location (City & State): rome | Registered: 23 October 2006Reply With QuoteEdit or Delete MessageReport This Post
Cittadino
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Good for me. gig

And isn't that the way we tend to look at things?
 
Posts: 1261 | Location (City & State): New Jersey | Registered: 05 November 2005Reply With QuoteEdit or Delete MessageReport This Post
Cittadino
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quote:
Originally posted by Emily:
Good for me. gig

And isn't that the way we tend to look at things?


It's really the only way that any of us can look at things of this nature - from a personal viewpoint.

The recent exchange rate crisis has hit so many expats who have retired here and rely on their pensions from their 'old' countries. I know that my pension has lost 22% of it's value in recent months, and that causes me some considerable worry. But I'm not naive enough to believe that it's only happened to me.

All I know is that I can now appreciate how those who receive $ pensions have been feeling for sometime and how they must have been worrying about their fate for a lot longer than I have.




"Dialogue is the salvation of sanity" -
http://www.gentedimaregenealogy.com
 
Posts: 3715 | Location (City & State): La Valtellina - Sondrio Province | Registered: 29 July 2005Reply With QuoteEdit or Delete MessageReport This Post
Volo Libero
Cittadino
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The trend seems to be continuing- the euro dropped to 1.48 yesterday, from a high of 1.60 last month. Let's hope it keeps going.

http://www.iht.com/articles/ap/2008/08/15/business/EU-Euro-Dollar.php
 
Posts: 14208 | Location (City & State): Friuli | Registered: 21 November 2004Reply With QuoteEdit or Delete MessageReport This Post
Cittadino
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quote:
Originally posted by Bill 2:
The trend seems to be continuing- the euro dropped to 1.48 yesterday, from a high of 1.60 last month. Let's hope it keeps going.

http://www.iht.com/articles/ap/2008/08/15/business/EU-Euro-Dollar.php


Yeah - way to go!!!
That's part of my 'lost pension' restored!!!

party09




"Dialogue is the salvation of sanity" -
http://www.gentedimaregenealogy.com
 
Posts: 3715 | Location (City & State): La Valtellina - Sondrio Province | Registered: 29 July 2005Reply With QuoteEdit or Delete MessageReport This Post
Cittadino
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Every little bit brings our next trip to Italy that much closer. Can't wait to see the family again.
 
Posts: 1261 | Location (City & State): New Jersey | Registered: 05 November 2005Reply With QuoteEdit or Delete MessageReport This Post
Volo Libero
Cittadino
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Posts: 14208 | Location (City & State): Friuli | Registered: 21 November 2004Reply With QuoteEdit or Delete MessageReport This Post
Volo Libero
Cittadino
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Posts: 14208 | Location (City & State): Friuli | Registered: 21 November 2004Reply With QuoteEdit or Delete MessageReport This Post
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Cittadino
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I know we should have waited to visit Italy. I think it was at a near or at an all time high in June-July!
 
Posts: 2506 | Location (City & State): Connecticut, USA | Registered: 07 October 2005Reply With QuoteEdit or Delete MessageReport This Post
Volo Libero
Cittadino
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Maybe when you come to visit next summer it will be down to 1.30- that's my target price. Wink
 
Posts: 14208 | Location (City & State): Friuli | Registered: 21 November 2004Reply With QuoteEdit or Delete MessageReport This Post
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Cittadino
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I'm hoping! Before typing this I saw 1.40 for a low and now noticed it is back to 1.42.
 
Posts: 2506 | Location (City & State): Connecticut, USA | Registered: 07 October 2005Reply With QuoteEdit or Delete MessageReport This Post
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