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In lugnet.market.services, Scott Arthur writes:
> In lugnet.loc.uk, Larry Pieniazek writes: • I'd expect the current £/$ rate to stay as it is for a while, as I expect UK
> interest rates have peaked (more or less). It may even get better (from a US
> buyer perspective) if US interest rates rise - but I'm not sure what the • chance
> of that is(?).
I'd say very high. market rates have moved up already in anticipation of
another 1/2 point fed hike soon.
>
> > making it to the advantage of the
> > factoree to get paid in dollars somewhat after the deal completes, because • they
> > are then worth more. (all Euro currencies currently are experiencing this
> > effect, I think)
>
> By virtue, all Eruo currencies move together against any currency.
Right, yes, that's what I meant, they're all linked together. I've known about
that since 1997 when code I had to oversee the creation of first had to start
taking triangulation into account.
> Right now 1
> euro gets you $0.9. I very much doubt it'll stay that low for much longer.
I would on the other hand not be too surprised to see 1 euro == 0.75 USD this
time next year. Why exactly is a topic for off-topic.debate, but suffice it to
say the central bank, such as it is, doesn't have its act together. IMHO.
But I digress.
++Lar
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