The euro is sht 💩
No it isn't, it is currently at 1.18 that's just average, nothing to get excited about! The Britsh pound is stronger than the dollar, but it always has been, although at 1.35 that is extremely low thanks to Brexit, but even that is still stronger than the Euro at 1.14!!!
I don't think you understand how currency works!
Happy I'm from Glasgow.
Whether a strong Euro is good or bad for the US and the world is not obvious.
A stronger Euro seems to mean that investors and speculators in currency believe the EU economy is improving. But it also means that European-made goods will be more expensive for foreigners to buy.
If the currency speculators decide that the US dollar is getting weaker against the Euro, that means US exports will be cheaper for foreigners to buy. That should help US exporters to increase their overseas sales. That could be good for US jobs, at least for now.
OTOH, a weaker US dollar will make it easier for European investors to buy up property, land, and businesses here in the US, since these things will cost the Europeans less in Euro terms.
A stronger Euro will make it a little more difficult for foreign investors to buy up European businesses, land and other kinds of property, since investing in the EU will cost more in dollar terms. Therefore a stronger Euro and weaker US dollar should be good for European investors in foreign markets, and bad for US investors in foreign markets.
So I'm NEITHER happy NOR ANGRY about the stronger value for the Euro. It's hard to tell what it will mean for me, my neighbors and my family members.
If this means more US jobs -- in the short run, anyway -- I think the stronger Euro is probably a good thing, in the short run, anyway.
In the long run, it seems insane for the world economy to depend so much on foreign sales and foreign trade. Why?
Money can cross borders instantly, with the touch of a computer screen. But shipping goods like automobiles, cameras, grain, oil, computers, cell phones, coal and vegetables across the ocean requires a huge consumption of diesel fuel. Burning all that diesel fuel adds to the problem of destructive climate change. Probably the more the US ships to Europe, and the more Europe ships to the US, the more American coastal cities will be hit by stronger hurricanes and coastal flooding from sea level rise. And the more Western states like California, Colorado, Washington State, Montana and even Texas are going to be hit by droughts & wildfires.
-- democratic socialist for more economic and environmental literacy
A one to one relationship for a currency by itself means nothing. A dollar is worth more than a pence. Does that make the US dollar better? No.
Happy the pound is worth more than everything else. x
Both are lucrative currencies to me, as my currency is the Australian dollar.
FURIOUS!!!! Cant sleep at night.
Actually.... I'll live