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Lmaoooooooooooo0o t1_j5waznz wrote

Reply to comment by TeemoMain23 in At least Google Shares Are Rising! by franczesko13

The guy above posted "Google shares are rising", meanwhile they literally plummeted -5.3% today on my broker - which is an insane move. My portfolio went down multiple thousands.

What I don't understand is, that when I checked the US market they only fell 2.5%.. how?

Are us europoors really getting fked double time because of the rising value of the euro?

A couple of months ago GOOGL was at roughly $85 & 85€ and now it's back at $95 but still at 86€.. disgusting.

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FlatSnakePenis t1_j5xns8o wrote

The guy above has no idea of GOOGL's stock price. It was at a high of $99.50 on Tuesday, and hit a low of $94.00 today (Wednesday). I have no idea why I look at Reddit - the posts are moronic.

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unbannednow t1_j5yhib5 wrote

If you own US stocks you're indirectly shorting the Euro so your position goes down when the Euro goes up

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Lmaoooooooooooo0o t1_j5ym94s wrote

That's interesting to know lol. I can feel the 10% difference since 1€ is now $1.10 again.

Is there a name for this phenomenon?

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unbannednow t1_j5yqmda wrote

It’s just called currency risk or foreign exchange risk. Some hedge funds and corporations try to hedge against it using futures. It can be in your favour sometimes though like last year when the Euro was falling

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