Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: AC Flyer who wrote (27274)	1/11/2003 3:18:13 PM
From: Moominoid	of 74559

You've gotta be kidding, Mq. The dollar's held up pretty well despite US interest rates at 40 year lows. When US interest rates move up again and the US stock market shows signs of life, it'll be look out below for the Euro - back to 80 cents for you! This standard textbook mechanism has been working in reverse as the instruments of choice were equities and long-term bonds not short term deposits and bonds. The reason the USD is going down now is that no more interest rate cuts to push up the assets of choice are expected. David

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