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USD vs. EUR - Weak Dollar

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Tuesday, 30 December 2008 06:11
I am doing business with USA companies and I am European so I am suffering when the USD is weak. These days USD is getting weaker again, the exchange rate is 1.40, 1 month ago it was 1.25, almost like it was 3 years ago.

I hope USD will become strong again, when I convert USD in EUR with PayPal I feel the consequences if the USD is weak.

I think getting into FOREX is good, I need to research more. Somebody from my bank told me 1 year ago, I should keep USD, and not to change them. But I was stubborn and changed them for EUR, when the USD was the weakest, conversion at that time was I think 1.60, if I would wait few more months; I could loose less, when the conversion was 1.25.


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