"The greenback was flat against the euro." does it mean stable or low ?

Question

"The greenback was flat against the euro." does it mean stable or low ?

Answer 1

I think its stable same as the euro

Answer 2

It means indecision. It has resistance at 1.5997 and support at about 1.5389, it's in an uptrend and is still above the 30 day and 200 day MA. After Bernanke opens his mouth it could easily break that resistance. I don't see it dropping through support any time soon.

Answer 3

The exchange rate against the Euro is Stable Neither up nor down

Answer 4

No because eg Iran's opening of an Oil Bourse priced in Euros at the end of March 2006 will be the end of the monopoly of the Dollar on the global oil market. The immediate result is likely to upset the international currency market as producing countries will be able to charge their production in Euros also. In parallel, European countries in particular will be able to buy oil directly in their own currency without going though the Dollar. Concretely speaking, in both cases this means that a lesser number of economic actors will need a lesser number of Dollars [2]. This double development will thus head to the same direction, i.e. a very significant reduction of the importance of the Dollar as the international reserve currency, and therefore a significant and sustainable weakening of the American currency, in particular compared to the Euro. The most conservative evaluations give €1 to $1,30 US Dollar by the end of 2006. But if the crisis reaches the scope anticipated by LEAP/E2020, estimates of €1 for $1,70 in 2008 are no longer unrealistic....