Dollar way down?

[Drunk Bob]

I just finished up a session at InterCasino Poker.

A profit of 35.75 pounds worked out to $61.

[vector]

Presume you live in the US and hence this is good news?

I live in the UK and play at Party, so this is bad news for me. Been waiting for months for that $ to rally.

[gringo_nordestino]

i send much of my poker winnings back to brasil.. the dollar has dropped from about US$1/R$2,91 to US$1/R$2,80

[ramjam]

I guess the dollar really must be in trouble if it's depreciating against the real.

[TylerD]

Yeah its a bitch isn't anyone think its going to go up soon, or is it likely to keep falling?

[Bob T.]

Usually the macrofactors that affect exchange rates stay in place for a long time, making longterm currency swings one of the more reliable trends in trading.

[vector]

I'm about to open myself a US$ bank account at HSBC. That way my poker winnings can be safely in the bank, but I can wait as long as I like before making the exchange from $ to £.

Fortunately I live off other earnings than poker, or this would be a real bitch.