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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: BEEF JERKEY who wrote (7685)2/11/2004 2:40:48 PM
From: Haim R. Branisteanu   of 110194
 
the interesting point is that only the EUR is the currency that has a disproportionate change.

OPEC enjoyed the strong USD and switched much of it's purchases to Europe, Now I speculate that there is tremendous pressure to switch back to the US, the same as on China.

OPEC main imports is food and the US can supply it. They will start buying sheep from the US instead from New Zealand and Australia for example
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