USD losing value vs. EUR

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Belfort

Belfort

🗣️ Loud Newcomer
Dec 3, 2023
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I'm in the EU and have all my liquid cash in USD, because I think the EU will eventually collapse. Now the USD keep losing value vs. EUR and leaving me uneasy with my choice.

What do you think the future holds for USD?
 
Belfort said:
Belfort said:
I'm in the EU and have all my liquid cash in USD, because I think the EU will eventually collapse. Now the USD keep losing value vs. EUR and leaving me uneasy with my choice.

What do you think the future holds for USD?
Click to expand...
Click to expand...

Be Patient. (btw you had the possibility to swap not long time ago at 1.02/1.03)..
 
Belfort said:
Belfort said:
What do you think the future holds for USD?
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Click to expand...

Currency markets are speculative. No one knows where exchange rate will go long term other than it will lose real world purchasing power to inflation over time like it has done throughout history.

Belfort said:
Belfort said:
I'm in the EU and have all my liquid cash in USD, because I think the EU will eventually collapse. Now the USD keep losing value vs. EUR and leaving me uneasy with my choice.
Click to expand...
Click to expand...

Looking at a currency movement over short time frame (less than a year) and contemplating any decision based on that is pointless. But worse still is putting all your eggs (liquid cash) in one basket.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
 
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