Forum Moderators: LifeinAsia
For non-us publishers being paid in USD is a really big problem.
Is not very funny to work all year long and to increase traffic and USD income, only to stay on the same lavel like last year, becouse USD has lost ~ 25% compared to EUR.
Maybe for US people is no problem (except oil price), but for the rest of the world, that is paid in USD is a big problem!
1 EURO ~ 1.5 USD now!
PLUS
LONDON (MarketWatch) -- The dollar touched a new low against the euro Thursday as worries about the U.S. economy and the continuing credit crisis weighed on the greenback.
Trading is expected to be thin and volatile as U.S. markets remained closed for Thanksgiving.
The euro reached a new high of $1.4873 in Asian markets, before slipping back to trade down 0.2% at $1.4825.
Markets are now pricing in a further quarter-point Federal Reserve rate cut in December, with between 0.75 and a full percentage point of cuts expected by the middle of next year, said Andy Cates, senior international economist at UBS, in a market briefing.
A weak close for equity markets on Wednesday and further worries over the housing market added to the bearish view.
"The bad news on housing keeps moving from awful to even more awful," said Cates, highlighting comments from U.S. Treasury Secretary Henry Paulson that mortgage defaults will rise in 2008.
John Hardy, a market strategist with Saxo Bank, said Thanksgiving trading has seen large rallies for the euro against the dollar in two of the past three years and is characterized by volatile, rather than quiet, trading.
"It's tough to say whether this will happen this year, though the ingredients are there with the rather panicky close yesterday in U.S. markets," Hardy said in a market update.
"In general, with the very poor liquidity conditions of late and the holiday only making matters worse, moves could be erratic and exaggerated," he added.
Against the yen, the dollar briefly broke through the 109 yen level before slipping back to trade up 0.3% at 108.69 yen.
In the short term, credit-market worries and weak equity markets are likely to drive further strength in the yen, according to strategists at Barclays Capital.
"There is a risk that additional slumps in the global equity markets and credit-market instability could trigger a liquidation of medium-term yen shorts, which could bring further yen appreciation," Barclays said.
"We think that there is no longer an emotional aversion to yen appreciation amongst Japanese politicians and corporate executives, which was prevalent a few years ago," Barclays said.
That means authorities in the country are unlikely to step in to stem the currency's appreciation, it added
Maybe we should shift our marketing efforts to target the European market, especially the UK.
Not a bad idea considering that generally goods in Europe is overpriced even without taking into account weak dollar, so going in person to the USA to buy stuff is good idea, in other words tourism.
Maybe we should shift our marketing efforts to target the European market, especially the UK.Not a bad idea considering that generally goods in Europe is overpriced even without taking into account weak dollar, so going in person to the USA to buy stuff is good idea, in other words tourism.
Without realizing it this is what I have done. I created at number of tourism sites that are directed at Europeans and over the last few months I’m making more with AdSense in terms of US$ than I ever have.
