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Euro @ 1.02 % USD, as slide to parity almost complete.
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Posted by: LateForLunch ®

07/05/2022, 13:03:47

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The euro lost another roughly 4% of it's value in only three weeks recently, and is now less than 2% away from parity. 

Imagine that. 

Once the EU bragged on a daily basis on how "strong" the euro was relative to the dollar.

If the slide continues (and it likely will unless desperate egomaniacs in the EU institute measures to artificially strengthen the euro to prevent the humiliation) the joke from the movie 2012 would be rewritten thus:

Saudi Royal: One billion dollars is a LOT of money, sir.

Broker:(clearing throat) Uh, the amount is in euros, sir.

Saudi Royal: (cheerfully) Oh! So...I might be getting a rebate on that!?! Cool!! Tell you what Jacques, I'll have my people go over this for due diligence and get back to you by say, the end of next month!! (rises, extends hand) THANKS so much for stopping by!! We'll be in touch!! (turns, leaves abruptly).

I notice the bitter clingers to the antiquated fetish for EU-centrism who are still fighting against Brexit are mostly silent now. Barring unforeseen positive events in euro-vision, they would do well to remain so for the intermediate future at the very least (the unpleasantness in Ukraine is not boding well for the value of the euro).

 RIP euro and the ACF EU oligarchy!! Good for the British for holding their noses and saying "PU!" to the EU.

Cue: Teebone: STINQUE!!






Modified by LateForLunch at Tue, Jul 05, 2022, 13:32:25


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