Crypto Price Prediction

Euro drops versus dollar to hit 20-year-low against greenback


Join Daily Airdrop



Jens Nordvig, Exante Data founder and CEO, joins ‘Fast Money’ to discuss what’s next for the Euro, how this continues to play out and Jens’ forecast for the Euro and dollar relationship. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC

Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.

The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast 
 
Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC

https://www.cnbc.com/select/best-credit-cards/


Join Daily Airdrop

#CNBC
#CNBCTV

source

Related Articles

47 Comments

  1. The REAL U.S. dollar, $, is NOT fiat, but a SILVER coin patterned after the Spanish milled dollar of the late-1700's and exemplified by the Morgan and Peace silver dollar coins. This REAL U.S. dollar, $, was ABANDONED in the 1960's. To confuse the fiat Federal Reserve Note, FRN, with the REAL U.S. dollar, $, is symptomatic of the nearly-ubiquitous "dollar delusion." https://youtu.be/pP8Mz4IDDXk https://youtu.be/CK81ik2NZoc

  2. My advice for EU leaders is to go to the Moscow square on bent knees, and seek forgiveness from the game maestro.😭😭🙏🙏

  3. Haha 😂 Europe, it may be dangerous to be America's enemy, but to be America's friend is fatal.

  4. lol, europeans have fallen for the trap and now will be paying the price of being ignorant. Europe will be poor

  5. This sort of crisis is necessary for Europe, because it breeds innovation.
    We've been too long reliant on dirty Russian oil to the point that it made us lazy to find other solutions..

    Europe will survive this crisis no doubt, but inconvenience in the short term will be felt too..

  6. Where are the sanctions against Russia 🇷🇺? The EU pretending to be tough but I think putin is more tougher 🤣They should go back to putin and beg for their mistakes of sanctioning themselves 🤣🤣

  7. Buy the dip, buy euros stash for a couple oy years once it goes back up go visit europe lol

  8. Whatever the cost is, Europe is committed to fight Russia on behalf of America. Coming to the worst, the US will start Marshall plan No 2 to rescue and rebuild Europe again. Therefore, there is absolutely nothing to worry about.

  9. Biden is dragging Europe along with him and all because of money money RYTHEON money

  10. Riots in italy, lithuania… all over europe and This is just the beggining. Wait until russia stops the taps.
    Meanwhile Msm saying thats only russia is suffering from the war.

  11. Luckily I've converted my useless euros into Rubles at the beginning of this proxy war.i doesn't take a genius to have seen this coming.our totally incompetent European governments once again have followed the treacherous warmongering murderous AMERICANS blindly.congrats America,well played

  12. Putin is all smiles right now. Wait til he fully shut all kinds of energy to EU this winter 😂😂😂

  13. Have you thought that fighting with Russia is as easy as with afghanistan, iraq, lybia or Syria hahaha in 100 days your euro currency lost its worth and going to become more worthless. And now European countries have just one way to apologize from Putin otherwise their economy will go to hell 😳

  14. this inflation is really hurting in so many ways ,by chance I stumbled here with courtesy on my approach on seeking for best ideas or ways to create wealth good enough to retire; cause if nothing is done about my finance now,my income will remain stable and expenditures continues to rise. I'm so exigent on this, any ideas…

  15. Its not very long before all currency collapse, all are connect to the USD which is connect to nothing… this will lead to disasters

  16. Germans love their Russian energy, just like Italians and Austrians and ALL the central Europeans. Now they are paying the price. If you love someone's energy then you NEED to be it's military and economic ALLY. Just a HINT. China is bordering with it's ally called Russia while EU is an ally of the USA that is located over the damn ocean.

  17. Depuis six ans la BCE coule les épargnants en €uro au profit des emprunteurs (Etats et Banques de la Zone €uro) avec les taux au plus bas. L'€uro s'effondrent passant de 1,6 US$ en 2008 à 1,03 US$ à ce jour. Ce n'est pas tout. La nouvelle baisse de l'€uro face au Dollar US est due à l'inaction de la BCE face à l'inflation galopante. En effet la FED réduit son bilan de 1100 milliards de Dollars US par an à partir de Juin, alors que la BCE n'a pas de plan de réduction de son bilan. En outre la FED hausse son taux directeur pour la troisième fois en Juin, alors que la BCE n'a pas encore augmenté son taux directeur. La hausse de seulement 0,25% de son taux directeur est prévue en juillet. Ce n'est pas avec cette toute petite hausse que l'on peut combattre l'inflation galopante. La BCE est dirigée par les apprentis sourciers qui n'ont jamais combattu l'inflation galopante, alors que la FED se comporte en vrai professionnel face à l'inflation galopante.

    For the past six years, the ECB has been sinking savers in €uro to the benefit of borrowers (States and Banks of the €uro Zone) with rates at their lowest. The €uro is collapsing from US$1.6 in 2008 to US$1.03 to date. That's not all. The further decline of the €uro against the US Dollar is due to the ECB's inaction in the face of galloping inflation. Indeed the Fed reduces its balance sheet by 1100 billion US dollars per year from June, while the ECB has no plan to reduce its balance sheet. In addition, the Fed raises its key rate for the third time in June, while the ECB has not yet raised its key rate. The increase of only 0.25% in its key rate is expected in July. It is not with this very small increase that we can fight galloping inflation. The ECB is run by apprentice dowsers who have never fought runaway inflation, while the Fed behaves like a true professional in the face of runaway inflation.

    In den letzten sechs Jahren hat die EZB die Sparer in €uro zum Vorteil der Kreditnehmer (Staaten und Banken der €uro-Zone) mit den niedrigsten Zinsen versenkt. Der €uro bricht von 1,6 US-Dollar im Jahr 2008 auf 1,03 US-Dollar bis heute ein. Das ist noch nicht alles. Der weitere Rückgang des €uro gegenüber dem US-Dollar ist auf die Untätigkeit der EZB angesichts der galoppierenden Inflation zurückzuführen. Tatsächlich reduziert die Fed ihre Bilanz ab Juni um 1100 Milliarden US-Dollar pro Jahr, während die EZB nicht vorhat, ihre Bilanz zu reduzieren. Zudem hebt die Fed im Juni zum dritten Mal ihren Leitzins an, während die EZB ihren Leitzins noch nicht angehoben hat. Die Erhöhung des Leitzinses um nur 0,25% wird im Juli erwartet. Mit diesem sehr geringen Anstieg können wir die galoppierende Inflation nicht bekämpfen. Die EZB wird von angehenden Wünschelrutengängern geführt, die nie gegen die galoppierende Inflation gekämpft haben, während sich die Fed angesichts der galoppierenden Inflation wie ein echter Profi verhält.

  18. So, let's go to Phase II, for the 💶 + Gold
    Standard….if not beneficial to raise interest rate by European Central 🏦

  19. Oh dear! What an awful shame! 😁🏴󠁧󠁢󠁥󠁮󠁧󠁿🇬🇧✌🏻🤣🤣🤣🤣🤣🤣🤣

  20. Since 2008, the Fed has Artificially held interest rates at 0% and printed trillions in QE to infinity. It amazes me that a rational human being much less any economist wouldn’t consider the world economy during these unprecedented actions by the Fed to demonstrate that the economy has NEVER recovered from The Great Recession or New Great Depression! CNBC is clueless that 0% interest rates for 14 years and Trillions upon Trillions of QE to infinity might cause massive bubbles in stocks and housing!! The Fed can’t stop this economic heroine QE without crashing the housing and stock market Super Bubbles! CNBC is laughable! CNBC guzzled the Fed Koolaid!!

  21. I'm 54 and Even in the economic fluctuations, I'm so excited I've been earning $45,000 from my $10,000 investment every 10days.

  22. Different this time ? Almost all Bitcoin metrics are now hinting at a price bottom ,Bitcoin investors face mixed sentiment as some think the bottom is very dangerous at this time to investors . Meanwhile , others fear the impact that a global recession could have on risk assets . For this reason , traders should analyze derivatives markets data to understand if traders are pricing higher odd of a downturn. Despite currently holding an extremely low futures premium (Basis rate ), the market has kept a balanced demand between leverage buyer and sellers . To exclude externalities specific to the futures instrument , trades must also analyze the Bitcoin option market . For instance , the 25% delta skew shows when Bitcoin whales and arbitrage desk are overcharging for downside or upside protection During bearish market , options investors gives higher odd for a price crash , causing the skew indicators to rise above 12%. As an investor , I will urge all Investors to Buy and not to hold but engage into Day-Trading in other to Grow and accumulate profits in their portfolio not to run at loss . I have been able to get profits of 5.5(BTC) in less than 5 weeks using signals alert provided by Dr Oscar Aldrich . Dr Aldrich can be contacted via What's app : +1(509)-219-9782 Telegram Oscar_Trade * for further inquiries in any crypto related issues .

  23. Different this time ? Almost all Bitcoin metrics are now hinting at a price bottom ,Bitcoin investors face mixed sentiment as some think the bottom is very dangerous at this time to investors . Meanwhile , others fear the impact that a global recession could have on risk assets . For this reason , traders should analyze derivatives markets data to understand if traders are pricing higher odd of a downturn. Despite currently holding an extremely low futures premium (Basis rate ), the market has kept a balanced demand between leverage buyer and sellers . To exclude externalities specific to the futures instrument , trades must also analyze the Bitcoin option market . For instance , the 25% delta skew shows when Bitcoin whales and arbitrage desk are overcharging for downside or upside protection During bearish market , options investors gives higher odd for a price crash , causing the skew indicators to rise above 12%. As an investor , I will urge all Investors to Buy and not to hold but engage into Day-Trading in other to Grow and accumulate profits in their portfolio not to run at loss . I have been able to get profits of 5.5(BTC) in less than 5 weeks using signals alert provided by Dr Oscar Aldrich . Dr Aldrich can be contacted via What's app : +1(509)-219-9782 Telegram Oscar_Trade * for further inquiries in any crypto related issues .

  24. & the Fiat Currency Monetary System nightmare continues! Wake up Europe having your currency pegged to the dollar is dense.

  25. IS HYPER INFLATION HERE TO STAY?
    The US FED will keep on raising interest rates to the point the economy reaches STAGFLATION at which point it will stop the hikes. US FED wants to raise the interest as high as possible so it can get rid of the NINE TRILLION DOLLARS from its balance sheet. In a GLOBAL RECESSION this process will take at least a decade. All fiat currency BUBBLES such as the stock, housing, corporations, etc will go BUST due to HYPERINFLATION. This can be the longest RESET and RECESSION in USA history.

  26. Up 132 % Week. * FFIE… Faraday Future. New Ultra Premium Luxury FF 91 SUV EV. Over 180 videos.

  27. Euro dollar was overvalued from the start. Germany is the largest population in the European Union and it took $1.50 German Marks to make a U.S. Dollar. Next day it was the Euro Dollar and worth $1.16 U.S. Dollar. But this was a SCAM!!!!

    Prices in Germany didn't decrease to reflect the fake value of the new currency. If it was $2 German Marks yesterday it is $2 Euro Dollars today. So imagine waking up to find out it will take $1.66 of the money in you pocket to guy $1 Euro Dollar but the prices are equally raised for products and services. I had relatives in Germany that complained for years. They got ripped off and Euro was never worth as much as the dollar.

  28. Well Europe has already started its slow recession and circulation of any legal tender will raise its value. example ruble.

  29. M/M CPI for June is expected to be .97% and forecasters have been too low like 12 out of the last 15 months… They also increased July's M/M figure by over .1% over their initial figure and we are only a few days into July!

Back to top button