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Non-Tech : The US Dollar vs the Euro and a discussion over exchange rat
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From: Alfred W. Post1/13/2005 5:12:13 AM
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A new record trade deficit in November has caused the Dollar to loose ground against the Euro and this again against the continued asurance of the Bush administration, that one is interested in a strong Dollar. At the same time China shows a record trade surplus with the USA contributing the most toward it. Efforts to have the Chinese change their official exchange rate vs the Dollar are mere wishful thinking.And I hear voices that speak of an official devaluation of the Dollar. Fred
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