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Dollar on the rebound in CR
https://forum.costaricaticas.com/viewtopic.php?f=1&t=33690		 Page 1 of 1
Author:  Irish Drifter [ Thu May 06, 2010 10:33 pm ]
Post subject:  Dollar on the rebound in CR
Exchange rate has been climbing all day. Two days ago it was 503 for a dollar. Tonight at about 8:30 Banco Costa Rica posted a 525 to a dollar. Great news for us whose income is in dollars. :D

CLIMB BABY CLIMB! :lol:
Author:  Bilko [ Thu May 06, 2010 10:56 pm ]
Post subject:  Re: Dollar on the rebound in CR
A lot of strange stuff went on in many financial markets today, Cinco de Mayo... coincidence? Could be the tequila, or maybe it's because it's also Willie Mays' birthday. We will hope this surge in the dollar/colon thing stays around and isn't just teasing us.
Author:  Dean [ Thu May 06, 2010 11:36 pm ]
Post subject:  Re: Dollar on the rebound in CR
I don't think that is it. I believe they heard the cheap Greek from Chicago is coming and they better not change from the 550 he had last trip. :D

hope it continues

Dean
Author:  Veelee [ Fri May 07, 2010 8:45 pm ]
Post subject:  Re: Dollar on the rebound in CR
The crisis in Greece could have a big effect on the Euro. That could be good news for those of us who get paid in dollars.
Author:  VisitingCR5 [ Fri May 07, 2010 11:03 pm ]
Post subject:  Re: Dollar on the rebound in CR
I am just visiting and I love more colones for my dollar...it really makes a difference....make I will take a private van to Montezuma instead of the bus..lol!!!!
Author:  BondTrader [ Sat May 08, 2010 12:21 pm ]
Post subject:  Re: Dollar on the rebound in CR
I got "short" the EURO when it got down to about 1.31 by using ETF (Proshares) EUO. Near-Term objective is around 1.21 - 1.23. U.S.D. starting to look better and better, at least for the time being...
Author:  Dapanz1 [ Sun May 09, 2010 5:45 pm ]
Post subject:  Re: Dollar on the rebound in CR
Quote:
Near-Term objective is around 1.21 - 1.23. U.S.D.


Pretty aggressive objective. Actually, I hope the dollar takes another hit in CR. At least until I sell what I have for sale. Then, hope it hits the sky again.

dapanz1
Author:  Seahawk [ Tue May 11, 2010 6:48 pm ]
Post subject:  Re: Dollar on the rebound in CR
I got 533 at BCR today.

SEAHAWK
Author:  Crazyhorse0017 [ Tue May 11, 2010 7:28 pm ]
Post subject:  Re: Dollar on the rebound in CR
Bondtrader: I bet the Euro is trading around par by the end of the year. Our mkt is rolling over again, demand for dollars will rise relative to assets and other currencies..IMHO
CH
Author:  Irish Drifter [ Tue May 11, 2010 8:11 pm ]
Post subject:  Re: Dollar on the rebound in CR
Dollar took a hit today now 525 colones for a dollar.
Author:  BondTrader [ Wed May 12, 2010 3:38 pm ]
Post subject:  Re: Dollar on the rebound in CR
Crazyhorse0017 wrote:
Bondtrader: I bet the Euro is trading around par by the end of the year. Our mkt is rolling over again, demand for dollars will rise relative to assets and other currencies..IMHO
CH



I agree the $$/Euro is headed much lower....parity? maybe...maybe not but there's pretty good potential for still making some scratch being short the Euro.

Another trade I like (also ETF) is owning TBT (short the long bond). I got in at just over $40 the day the DOW took that 1000 point drop. Have a decent gain in it so trying to decide whether to take short-term trading gain or add to it and stick with it for the longer-term. I can't put my finger on the timing but I KNOW that we are getting closer and closer to the point where being short the long-term will be a HOME RUN.
Author:  Dapanz1 [ Wed May 12, 2010 6:04 pm ]
Post subject:  Re: Dollar on the rebound in CR
Quote:
Another trade I like (also ETF) is owning TBT (short the long bond). I got in at just over $40


I got it at $23. However, I sold it long ago. Still made almost a double.

dapanz1
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