Is the American Dollar going to play the game anytime soon?
 

Cause at the moment Ladbrookes are offering me .53p on my dollars of which there are 1000 of the bastids sitting on an online poker account!

I'd like to draw the money down sometime soonish but when I put my initial deposite in the rate was .57 and now its the lowest I've seen it. I'd like .56 before I change back is this likely anytime soon or will it likely slide even further!

Imlach, your thoughs please :)

its only going to go down IMHO, and at an accelerating rate at that now Bush is voted back in. It's being driven by the massive debt they are building up with the budget deficit, and that looks likely to continue to grow over the next 4 years.

I am no currency expert but it doesnt look good for you to wait.

Cheap jeans and hotels in NYC for me :D:D

Sorry - was long on the £/$ the other day, so profited from the decline in the dollar :D :D :D

It's $1.87 at the moment - up from $1.84 in 3 days. Could quite easily see $1.90 in the short term, perhaps even $2.

Euro/$ at all time highs too - not helped by the Ruskies buying into the Euro and selling the $.

Could be a measured decline, could be a rapid decline. Common consensus is for a further decline in the $ though.

I'd sell now - it's not going to get much better anytime soon. However, judge for yourself. Forex trading can be volatile!!

time for some cheap bits for the car from the usa:D:D:D

Saying that, we were testing $1.90 earlier in the summer, and it never quite got there and pulled back to $1.75 or so.

However, that HUGE U$ deficit now is concentrating minds. Suspect we'll push through $1.90 this time........

Link here
http://money.cnn.com/2004/11/24/mark...onds/index.htm

:( I'm sitting on a load of USD as well.

Mare, might just take it and run!

...and we're up again this morning to $1.886

No stopping it just now!

Well, as predicted, we broke through $1.90 this morning.............

Hope you cashed in those dollars!!

Kenny

YHPM (at work)

Cheers

In the real world of currency speculation $1000 is not a lot of money, look at it this way. One day the price is $1.85 to the £, your $1000 is worth £540.54 and the next day the value is $1.88, your $1000 is worth £531.91. You are only down £8.63.

Worst case scenario the rate goes to $2.00, you could be down £40 or so.

It all depends whether you want to wait to make or lose an extra £10 or there abouts on the currency moving in the right direction. Considering its $1000 sell them now. The bank will probably take more in commission for changing the currency into £ anyway.

Mark

They said on the news this morning that its going to keep going and could well go past $2 before long.

i see no reason why it would stop right now, they are running up massive debts. Not that i know anything. :)

Dunno if you have cashed these in yet SB, but we hit $1.94 today - ouch! :D

If only I'd kept that spread bet open last week - I was on £10/pt when we were at $1.86 last week. I sold then for a modest profit, and have lost out on an additional £9k had I held on :(

Same the other day with crude oil. Sold at a £2k profit - had I held on just 24 hours, I'd have been another £5k up.

:( Still,just money :D

£9k!!!! That would have been nice this time of year :eek: Yeah I took my money out a few days ago before it slipped any further :)

SB, at least you can play bigger US games. Im playing 5/10 PL Omaha h/l and making $1k pw. Stick in a big raise and the Yanks back off...but it only costs you 1/2 of that!

or play in Euros.

T