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Dollar Equals Euro For The First Time In 20 Years - Business (4) - Nairaland

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Re: Dollar Equals Euro For The First Time In 20 Years by kumulus(m): 12:55pm On Jul 12, 2022
post=114656591:
Let us explain what this means to the layman out there,

While this news may sound good for the dollar,
it could also be a double-edged sword.

Why?  If the dollar becomes too strong, it could harm business for American companies because their goods may become more expensive for foreign buyers. 
And if sales of U.S. exports decrease, that could further slow down an already stalled U.S. economy. 

On the other hand, a strong dollar helps Americans who are traveling in Europe, giving them more buying power. 


We Rise!


…….meaning more inflow of dollars to EUROPE.

What goes up always will eventually find its way down.
Re: Dollar Equals Euro For The First Time In 20 Years by pansophist(m): 12:55pm On Jul 12, 2022
I love the EU as a community, but the leaders are shameless prostitutes that have been bought and paid for by Washington. I'm not surprised, the euros will even sink further as far as I'm concerned, until eu leaders do the right thing.

7 Likes

Re: Dollar Equals Euro For The First Time In 20 Years by Buliwyf: 12:55pm On Jul 12, 2022
Elsueno:


da hell, Russia is virtually a whole continent, besides I think European leaders are really stufid & overestimated...How could my neighbor be easily delivering oil & gas to me at minimal transportation costs & cheaper than international market, then I decided it's smart to cut him off & go buy at almost 3 times d price, poorer quality from across d ocean.....
And finally, d pressure would be on Africa to try & close the gaps on resources defenceies as most of the countries with these resources are more inclined towards Russia & China after being sanctioned by uncle Sam..... Except Africa which likes to mostly leak European & American asses

If your neighbor is sleeping with your wife or planning to sleep with her and is selling anything for cheap, unless you are spineless and have no dignity you will cut him off and find alternative sources. Your neighbor will also start having to sell farther and his costs will increase too. Fact. It's not a one way thing. All these things were considered and weighed by people who have experience with crisis management than you do. Again calm down.
Re: Dollar Equals Euro For The First Time In 20 Years by Jokerman(m): 12:55pm On Jul 12, 2022
Elsueno:


Shut up, God isn't interested in LGBQT......

Yes we know..... Israel also support LGBTQ which isn't good as well.... so long Israel is with God, US is also the same
Re: Dollar Equals Euro For The First Time In 20 Years by BloomingDale(f): 12:56pm On Jul 12, 2022
post=114656591:
Let us explain what this means to the layman out there,

While this news may sound good for the dollar,
it could also be a double-edged sword.

Why?  If the dollar becomes too strong, it could harm business for American companies because their goods may become more expensive for foreign buyers. 
And if sales of U.S. exports decrease, that could further slow down an already stalled U.S. economy. 

On the other hand, a strong dollar helps Americans who are traveling in Europe, giving them more buying power. 


We Rise!

Rise go where? Naira don die enter hell. Them don judge am since.
Re: Dollar Equals Euro For The First Time In 20 Years by johnfem321: 12:57pm On Jul 12, 2022
Analyst please analyze for us how resignation of British prime minister wey no dey part of euro zone take cause euro = dollar?
Dexterine94:
Less than a week Boris Johnson stepped down,
Euro finally equalled the dollar
Re: Dollar Equals Euro For The First Time In 20 Years by kumulus(m): 12:57pm On Jul 12, 2022
spydera:
Na to convert my small naira to buy Euros cos e go grow back again.

Smart but be wise.

A good price is always a good time but a ‘good’ time doesn’t always mean it’s a good price!
Re: Dollar Equals Euro For The First Time In 20 Years by prettyboi1(m): 12:59pm On Jul 12, 2022
Lol. Putin dey give Europe woto woto. The idiots thought they were smart when they were sanctioning Russia up & down. Now, they're on the receiving end of the losses.

2 Likes

Re: Dollar Equals Euro For The First Time In 20 Years by kumulus(m): 1:00pm On Jul 12, 2022
Buliwyf:


If your neighbor is sleeping with your wife or planning to sleep with her and is selling anything for cheap, unless you are spineless and have no dignity you will cut him off and find alternative sources. Your neighbor will also start having to sell farther and his costs will increase too. Fact. It's not a one way thing. All these things were considered and weighed by people who have experience with crisis management than you do. Again calm down.


In the business of money, the bottom line is never dignity. Ever!

2 Likes

Re: Dollar Equals Euro For The First Time In 20 Years by gimakon2(m): 1:00pm On Jul 12, 2022
Ryda:
Buhari will also make the naira equal dollar before he leaves office.

Reasoning of every APCshit supporter.

For multiverse abi this universe?
Re: Dollar Equals Euro For The First Time In 20 Years by Buliwyf: 1:01pm On Jul 12, 2022
Trueprophet91:


Abi o cheesy





Hook, line and sinker! grin

I have been looking around for those scallywags waging their tongues on here to come deny this blatant devastating effect of Putin policy on the entire Europe. None of them have shown up, and none will!

Scumbags cheesy



Thank you very much.
I wonder how it's so hard to see through Americans smoke screen and deception!




Remember that this is just the beginning.

May I ask, how do you think Europe intend to buffer the effect of Russian gas supply withdrawn from them while they attempt to 'recover'?
And how soon will that recovery be.


Me thinks it's only a matter of time before people take to the streets in protest.... this I have seen.


I see a massive eruption of uprising with multiple tentacles spread across Europe, which might eventually spiral down to the Sri Lanka treatment in many European nations.


My eyes are seeing and my ears are hearing cool cool

Most of you think Europe is like Africa. They have so much money and funds saved up that it will take up to 3 years for things to get so hard that people start protesting. You guys should calm down. You are not smarter than the people running Europe. That's a fact.
Re: Dollar Equals Euro For The First Time In 20 Years by Elsueno: 1:01pm On Jul 12, 2022
Buliwyf:


If your neighbor is sleeping with your wife or planning to sleep with her and is selling anything for cheap, unless you are spineless and have no dignity you will cut him off and find alternative sources. Your neighbor will also start having to sell farther and his costs will increase too. Fact. It's not a one way thing. All these things were considered and weighed by people who have experience with crisis management than you do. Again calm down.

This would have made sense If there is an infinite amount of resources, unfortunately there isn't. Plus most of these European "experts" with "experience" are complaining about this stufid decision..only d politicians & Von der layen think it's a good idea grin

1 Like

Re: Dollar Equals Euro For The First Time In 20 Years by tasceige(m): 1:01pm On Jul 12, 2022
Hello Chief,
Please I want to confirm, how come no one sends the Kuwait currency and Omar. The value compared to dollar is way higher. Been trying to wrap my head to understand this.


post=114656591:
Let us explain what this means to the layman out there,

We Rise!
Re: Dollar Equals Euro For The First Time In 20 Years by Buliwyf: 1:04pm On Jul 12, 2022
Elsueno:


This would have made sense If there is an infinite amount of resources, unfortunately there isn't. Plus most of these European "experts" with "experience" are complaining about this stufid decision..only d politicians & Von der layen think it's a good idea grin

It was only stupid because they made themselves too reliant on Russia in the first place because they were hoping it will make Russia friendly. They shut down their Nuclear energy sources for cheap gas. And if Putin had continued to pretend to be friendly, they would have been justified.
Re: Dollar Equals Euro For The First Time In 20 Years by Buliwyf: 1:05pm On Jul 12, 2022
kumulus:



In the business of money, the bottom line is never dignity. Ever!

Not everybody sells their dignity for money. Sorry. People have rejected money for dignity. Ask Dave Chappelle.
Re: Dollar Equals Euro For The First Time In 20 Years by Elsueno: 1:06pm On Jul 12, 2022
Buliwyf:


Most of you think Europe is like Africa. They have so much money and funds saved up that it will take up to 3 years for things to get so hard that people start protesting. You guys should calm down. You are not smarter than the people running Europe. That's a fact.

Money is useless without d resources to back it up bros, and Europe is virtually baren compared to Russia, Africa, China, US & d middle East when it comes to real resources not overbloat economy bases on "finance" & inflated stock prices...d fact is, Russia got Europe & U.S by d balls grin

3 Likes

Re: Dollar Equals Euro For The First Time In 20 Years by skywalker240(m): 1:06pm On Jul 12, 2022
This is what the US wanted all along.
Mumu europe

3 Likes 1 Share

Re: Dollar Equals Euro For The First Time In 20 Years by gimakon2(m): 1:07pm On Jul 12, 2022
Searchingvictor:
OK. When will naira equals pounds

In multiverse of madness , the naira is even higher than the Kuwaiti Dinar... But its in the multiverse of madness alone. Not in this lifetime.
Thanks to Buhari and APC
Re: Dollar Equals Euro For The First Time In 20 Years by Nobody: 1:08pm On Jul 12, 2022
It’s was predictable!

Making a turn from dependence on Russian energy will cost a little, but it will be worth it at the end.

LNG is abundant around the world and they need to move their source of energy to a more dependent and democratic country.
Re: Dollar Equals Euro For The First Time In 20 Years by gimakon2(m): 1:10pm On Jul 12, 2022
ModCaller:
US doing what they do best. Wicked traitors

Putin is the Worry and not US. You should spend time watching World affairs more ...
Re: Dollar Equals Euro For The First Time In 20 Years by Elsueno: 1:12pm On Jul 12, 2022
Buliwyf:


It was only stupid because they made themselves too reliant on Russia in the first place because they were hoping it will make Russia friendly. They shut down their Nuclear energy sources for cheap gas. And if Putin had continued to pretend to be friendly, they would have been justified.

Angela Merkel would have made a smarter decision compared to Olaf...Did u know dispired Europe sending weapons to Ukraine to kill Russian soldiers, Putin did not cut off d gas to them & even Ukraine still gets gas from Russia? till they sanction swift & Putin had to switch to rubbles..but EU in their arrogance say they won't pay, only few EU countries agreed...Now China, India, Spain & lots of other countries are rushing to buy from Russia

3 Likes

Re: Dollar Equals Euro For The First Time In 20 Years by gimakon2(m): 1:13pm On Jul 12, 2022
Ray07:
And one ancient dundi being and his demonic party promised N1 to equal $1. grin

By closing borders, and forcing nigeria instead of a market based economy, we are soley import based , then he come finish am, add religion to make it a pure islamic state, where bandits (according to him, which are actually his children and cousins) make 700 million naira in one day kidnapping people.

How these factors wan make 1naira = $1 , no redecimalisation, no market based economy, one man has monopoly of the whole business and the same one man has patent rights for a whole nation.
The guy na superheavyweight dunce.
Re: Dollar Equals Euro For The First Time In 20 Years by gimakon2(m): 1:15pm On Jul 12, 2022
wman:


Stolen content as usual. CC: Eriggs, Nlpolicewoman, Ilovedemmanna

grin Ya wucked!
Re: Dollar Equals Euro For The First Time In 20 Years by Cmanforall: 1:16pm On Jul 12, 2022
Flairoqy:

What do you know about finance? You think his resignation is the reason for the equivalence? Dollar has been on a down slide since last year.
I guess you mean Euro
Re: Dollar Equals Euro For The First Time In 20 Years by Buliwyf: 1:18pm On Jul 12, 2022
Elsueno:


Angela Merkel would have made a smarter decision compared to Olaf...Did u know dispired Europe sending weapons to Ukraine to kill Russian soldiers, Putin did not cut off d gas to them & even Ukraine still gets gas from Russia? till they sanction swift & Putin had to switch to rubbles..but EU in their arrogance say they won't pay, only few EU countries agreed...Now China, India, Spain & lots of other countries are rushing to buy from Russia

And the people that were supplying China and Russia and India will now be supplying Europe. It's a simple stuff. Now Russia will never be able to threaten Europe with gas crisis again in a few years. They have lost all their leverage and influence. And I can assure you this is not what Putin wanted. He no longer has the soft power. Stop thinking about Energy only and money only.
Re: Dollar Equals Euro For The First Time In 20 Years by gimakon2(m): 1:19pm On Jul 12, 2022
BloomingDale:


Rise go where? Naira don die enter hell. Them don judge am since.

grin Hahahahahhahahahahahahah

1 Like

Re: Dollar Equals Euro For The First Time In 20 Years by MarianaTrench: 1:20pm On Jul 12, 2022
inoki247:
So in one words na Europe dey war na US dey cashout....

Mak US sha du giveaway dem don cashout undecided undecided undecided


Na Africa suppose dey Cashout buh na stupid leaders we av....

African leaders are goats
Re: Dollar Equals Euro For The First Time In 20 Years by brandsoncharlie: 1:22pm On Jul 12, 2022
post=114656591:
Let us explain what this means to the layman out there,

While this news may sound good for the dollar,
it could also be a double-edged sword.

Why?  If the dollar becomes too strong, it could harm business for American companies because their goods may become more expensive for foreign buyers. 
And if sales of U.S. exports decrease, that could further slow down an already stalled U.S. economy. 

On the other hand, a strong dollar helps Americans who are traveling in Europe, giving them more buying power. 


We Rise!
Very funny analysis. So you mean since the inception of the rise of the exchange among the US dollars and other economy especially African countries there are no patrons of us goods in large quantities?
Re: Dollar Equals Euro For The First Time In 20 Years by Buliwyf: 1:25pm On Jul 12, 2022
brandsoncharlie:

Very funny analysis. So you mean since the inception of the rise of the exchange among the US dollars and other economy especially African countries there are not patrons of us goods in large quantities?

Yes they aren't. They patronize China mostly. Even China tries as much as possible to reduce their currency because it benefits them as an exporting nation. High currency is not good for exports. So the analysis is spot on
Re: Dollar Equals Euro For The First Time In 20 Years by brandsoncharlie: 1:25pm On Jul 12, 2022
Jameszinchenkov:

You Sabi Economics
Him no Sabi anything.
Re: Dollar Equals Euro For The First Time In 20 Years by Nobody: 1:27pm On Jul 12, 2022
SenecaTheYonger:


True. I’m actually shocked someone knows this. The United States Department of Commerce usually pines for a devalued dollar in order to increase trades with other countries. Although depends on who is running DoC

Re: Dollar Equals Euro For The First Time In 20 Years by Nobody: 1:28pm On Jul 12, 2022
post=114656591:
Let us explain what this means to the layman out there,

While this news may sound good for the dollar,
it could also be a double-edged sword.

Why?  If the dollar becomes too strong, it could harm business for American companies because their goods may become more expensive for foreign buyers. 
And if sales of U.S. exports decrease, that could further slow down an already stalled U.S. economy. 

On the other hand, a strong dollar helps Americans who are traveling in Europe, giving them more buying power. 


We Rise!

1 Like

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