So cheap euro makes everyday life expensive – Economics

money

:

Cheap euros make everyday life expensive

Reading time: 5 minutes

Money: Collage SZ: Stefan Dimitrov

Collage SZ: Stefan Dimitrov

(Photo: Imago)

Currently, there is exactly one dollar for one euro. Easy to remember. However, this has serious consequences – for businesses, holidaymakers and consumers.

FROM

Harald Freiberger, Victor Gojdka, Stephan Radomsky, Sonja Salzburger and Markus Zydra

It found that at 11:39 am some stock traders just wanted to make a joke. The euro fell deep red on the screens of currency professionals throughout the morning. Every second traders stared at their computers, waiting for the moment when one euro would be worth only exactly one dollar. About 11.39 euros was worth exactly $ 1,0001 on professional financial computers. So the single currency was only ten thousand from the dollar. And he turned away.

SZ Plus subscribers also read:

Can you learn self-discipline?  Interview with Wendy Wood

psychology

Can you learn self-discipline?

Property

Are real estate getting cheaper?

Education

“Being a stupid mom or dad is part of the job”

Happy young couple;  Romance

love and partnership

“Why can’t I accept our relationship as it is?”

the future of work

Hybrid work introduces chaos in the world of work

Leave a Comment