Dollar sinks to three-year low against Euro. This is extremely bad news for the poor souls (like me) who earn their income in USD and live in the eurozone. I find myself in a state of shock at how much money I will be losing this year (and have lost in past years) due to the exchange rate. Watch the decline live on the BBC! Here’s what my currency exchange provider (TransferMate), has to say: “The dollar sank to a three-year low against Euro on Thursday and was at risk of a drop to $1.50, with momentum-driven investors piling on in anticipation U.S. interest rates will be low for a long time. Analysts said more dollar weakness was likely after the Federal Reserve said overnight that it would end its bond-buying programme in June as planned and appeared in no rush to tighten monetary policy further. It’s clear that dollar selling has been given a green light and we have many central banks intervening. So that suggests further upside for euro. It’s pretty much open water until $1.50 and the euro may even rise to around $1.52 next week.” Fucking bleak.
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Dollar sinks to three-year low against Euro.

This is extremely bad news for the poor souls (like me) who earn their income in USD and live in the eurozone. I find myself in a state of shock at how much money I will be losing this year (and have lost in past years) due to the exchange rate. Watch the decline live on the BBC!

Here’s what my currency exchange provider (TransferMate), has to say: “The dollar sank to a three-year low against Euro on Thursday and was at risk of a drop to $1.50, with momentum-driven investors piling on in anticipation U.S. interest rates will be low for a long time. Analysts said more dollar weakness was likely after the Federal Reserve said overnight that it would end its bond-buying programme in June as planned and appeared in no rush to tighten monetary policy further. It’s clear that dollar selling has been given a green light and we have many central banks intervening. So that suggests further upside for euro. It’s pretty much open water until $1.50 and the euro may even rise to around $1.52 next week.”

Fucking bleak.