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Should I buy Euro today?
I'm living in europe but I am paid in dollars and my money is stored as dollars. The euro rate has sucked this past year, but it jumped up to .72, but just dropped down to .69 and back up to .70. Should I take out the euro I'll need for the next few months today so that I'm getting this nice rate? Or is there a reason why the exchange rate is getting better and it's going to continue to get better?
1 Answer
- nefariousxLv 61 decade agoFavorite Answer
The dollar is on the way out.
Dollars are tied to oil, it is the mistake of the current Bush admin. to devalue the dollar in order to pay back debt at a less value.
If i were you not only would i try to be paid in Euro's I would invest in gold, and quick.
