I have also been thinking that if the French elections were to
go the way polls indicate, assuming polls are not as wrong as they
have been here in the US (I know BIG assumption), the Euro should
continue to strengthen over the next few years.
I remember that the Euro was in the $1.39 to $1.42 rage in 2009,
assuming my memory is not bad. So, if the French election
goes as expected, I believe that as is the case with most
commodities, the Euro should see an up cycle that should allow it
to trend towards that range over the next few years.
I have been hearing that Germany (as well as most Northen
European countries), France, Spain and England have economies that
are on the mend. Greece being the outlier. I do not
have a strong sense for where Italy and Ireland are. Therefore, it
is my opinion that the Euro should be bulstered by a stronger
economic environment. Opinions on those welcome.
A strong Euro is of course a desirable thing as it indicates
Europe is working as it should. It should also help in
diminishing crime and terrorism there.
This too should help Nokia's share price over the next few
years. It may be a headwind as far as currency translations
for their North American revenue. But I would hope it is more
than offset by the currency impact on the value of Nokia as a
whole. Does this make sense? Opinions on this welcome
as well.