I think the term is "catching a falling knife". Maybe if you were looking at locking in some travel money.
Only compared to the USD are they at a low - currently ~ .725 to the AUD but it has been .86 less than 3 years ago. We are now around the 5 year average. I stack Euros when above .7 (average since '04 is around .63) so yes I am stacking Euros (saving for an apartment which will be bought in Euros)
from Zero Hedge. This: "In such scenario Stephanie says the EUR/USD will achieve parity, but this may well be just a temporary support before the downleg extends towards $0.98/0.96 - and even perhaps towards the lows of $0.84/0.82 reached in 2000." Would no doubt suit Europe. Does it look like USA is losing the currency war now?
after all this euro low blow .. wouldnt it pick later in the future? .... eventually? buy low now and go on europe trips later when it picks up!
Germany and the Netherlands are the two strongest country's. The Netherlands got the biggest port of Europe and soon the biggest of the world. Heck, thats also the only reason I still got my job. Ps: Greece, Italy etc etc etc you lazy @$%!!!
What happens if there is a change to a new currency? ie similar to Germany when they went from the Mark to the Deutchmark and there was a massive devaluation.
1 Euro: Outer part: nickel brass Inner part: Layers of copper-nickel, nickel, copper-nickel Stackable? I think not.
I'm stacking euro's since almost 4 months. Buy what got cheap. Sell what got expensive. I'll dump them for silver coins when they're expensive.