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AP: Euro falls below parity with the dollar. What’s the impact?
Posted by: Steve G.
Date: August 23, 2022 09:29AM
I have chosen some consumer impacts from the article. For more info, read the whole thing.

Euro falls below parity with the dollar. What’s the impact? Why the euro’s slide is happening and what impact it could have:
[apnews.com]
WHEN WAS THE LAST TIME THE EURO WAS EQUAL TO THE DOLLAR?
The euro was last valued below $1 on July 15, 2002.

WHO WINS?
American tourists in Europe will find cheaper hotel and restaurant bills and admission tickets. The weaker euro could make European export goods more competitive on price in the United States. The U.S. and the EU are major trade partners, so the exchange rate shift will get noticed.

WHO LOSES?
American companies that do a lot of business in Europe will see the revenue from those businesses shrink when and if they bring those earnings back to the U.S. If euro earnings remain in Europe to cover costs there, the exchange rate becomes less of an issue.

A key worry for the U.S. is that a stronger dollar makes U.S.-made products more expensive in overseas markets, widening the trade deficit and reducing economic output, while giving foreign products a price edge in the United States.

A weaker euro can be a headache for the European Central Bank because it can mean higher prices for imported goods, particularly oil, which is priced in dollars. The ECB is already being pulled in different directions: It is raising interest rates, the typical medicine for inflation, but higher rates also can slow economic growth.

In the U.S., a stronger dollar means lower prices on imported goods — from cars and computers to toys and medical equipment — which could help moderate inflation.
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Re: AP: Euro falls below parity with the dollar. What’s the impact?
Posted by: cbelt3
Date: August 23, 2022 09:46AM
Authentic Cheese is cheaper !
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Re: AP: Euro falls below parity with the dollar. What’s the impact?
Posted by: JoeH
Date: August 23, 2022 11:09AM
Maybe the low-carb cat food I get for my diabetic cat will slow down its price increases. It is imported from a supplier based in Europe. Last 5 kilo bag was $72, the order before that was $65 a few months earlier.
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Re: AP: Euro falls below parity with the dollar. What’s the impact?
Posted by: testcase
Date: August 23, 2022 04:25PM
We're all going to hell sooner? dunno smiley
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Re: AP: Euro falls below parity with the dollar. What’s the impact?
Posted by: Paul F.
Date: August 23, 2022 05:32PM
Quote
JoeH
Maybe the low-carb cat food I get for my diabetic cat will slow down its price increases. It is imported from a supplier based in Europe. Last 5 kilo bag was $72, the order before that was $65 a few months earlier.

This is not snark - I am curious what you could source some beef, chicken, etc "off cuts" for per 5 kilo's, and run 'em through a sausage grinder and make your own cat food. That's the sort of price range where I'd consider that, personally.



Paul F.
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A sword never kills anybody; it is a tool in the killer's hand. - Lucius Annaeus Seneca c. 5 BC - 65 AD
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Good is the enemy of Excellent. Talent is not necessary for Excellence.
Persistence is necessary for Excellence. And Persistence is a Decision.

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Eureka, CA
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Re: AP: Euro falls below parity with the dollar. What’s the impact?
Posted by: JoeH
Date: August 23, 2022 06:22PM
Quote
Paul F.
Quote
JoeH
Maybe the low-carb cat food I get for my diabetic cat will slow down its price increases. It is imported from a supplier based in Europe. Last 5 kilo bag was $72, the order before that was $65 a few months earlier.

This is not snark - I am curious what you could source some beef, chicken, etc "off cuts" for per 5 kilo's, and run 'em through a sausage grinder and make your own cat food. That's the sort of price range where I'd consider that, personally.

Well that is 5 kilos dry food, so would be a bit more "wet". I hav considered it, but the recipes all tend to be semi-vague, and end with add nutritional supplement that turns out to be a prescription item. Add that he is one to turn up his nose at wet food, it would be a task switching his food. Would also need to buy many more test strips until I got his insulin level adjusted to match a different diet, and those are not cheap. That would quickly use up any savings from making the food myself.
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Re: AP: Euro falls below parity with the dollar. What’s the impact?
Posted by: Tiangou
Date: August 23, 2022 07:57PM
Quote
cbelt3
Authentic Cheese is cheaper !

My first thought!



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Re: AP: Euro falls below parity with the dollar. What’s the impact?
Posted by: mattkime
Date: August 23, 2022 10:08PM
I'm tempted to buy more European manufactured bike parts!



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Re: AP: Euro falls below parity with the dollar. What’s the impact?
Posted by: stephen
Date: August 24, 2022 06:49AM
My nephew wins, because he started college this week in the Netherlands.
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