Dollar could be about to weaken?

[Jaspercat10]

I would just hold out as long as you can the dollar appears to be on the turn the US is in a recession however they wish to word it and the tensions with China will only add fuel to the fire, I wouldn't expect great increases as we are in the same boat but it may creep back from its lows

[ScoopsAhoy]

We ordered yesterday at $1.20 or $1.21 can’t remember which.. we will be mostly using cards so atleast if it goes down it’ll still work in our favour

[Torypops]

Well, this seems a good thread to follow 🤔

[Nimbus]

Originally Posted by fl-veteran

(because, at $1.30, "Surely it's going to bounce back soon"!)

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I remember those 'crazy' days here on the DIBB where there was talk of things bouncing back to better than they were previously. Good times. And here we are 6 years later with a rate that's lower than any point on your graph.

Still, at least the rate hasn't reach parity yet.

[Moorlandman]

Originally Posted by Nimbus

Still, at least the rate hasn't reach parity yet.

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Give it time😀

From what I have read in the financial press we could be looking at $1.15 if the BoE fails to raise interest rates by 1/2% on Thursday. Grim indeed

[SamH88]

Originally Posted by Nimbus

Still, at least the rate hasn't reach parity yet.

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I wish the Euro was the same 🥲

[dan223]

Originally Posted by Moorlandman

Give it time😀

From what I have read in the financial press we could be looking at $1.15 if the BoE fails to raise interest rates by 1/2% on Thursday. Grim indeed

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Do you have a link? 1% rise seems unlikely, 2% is extremely unlikely. Everything I’ve seen is pointing to a 0.25%-0.50% rise, with the latter being the favourite.

[fl-veteran]

Originally Posted by dan223

Do you have a link? 1% rise seems unlikely, 2% is extremely unlikely. Everything I’ve seen is pointing to a 0.25%-0.50% rise, with the latter being the favourite.

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I think they meant half (1/2) a percent rather then one to two percent.

[dan223]

Originally Posted by fl-veteran

I think they meant half (1/2) a percent rather then one to two percent.

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Oh yes that makes much more sense

[Norah22]

I wonder if Nancy Pelosi's visit to Taiwan will affect it.