Dorsey Wright & Associates. Point and Figure Message Board

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Non-Tech : Dorsey Wright & Associates. Point and Figure

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To: Mr. BSL who wrote (9187)	11/6/2000 6:02:37 AM
From: wizzards wine	Read Replies (1) of 9427

Hi Dick and DD, The European market has had a variety of problems in part due to the low value of the Euro and the fact the they buy oil in US dollars. That said, the turning point may well be the acceptance of Euros for oil instead of dollars. First started by Iraq offering to accept the Euro and not convert it back to dollars but instead spent the Euro in the European comunity instead of elsewhere. Jorden was the first to accept this plan and France is also keen as well. Several other countries are seriously looking at this a a way to increase the value ot the Euro against the dollar. Note that the Euro has been gaining in the past few days. Time will tell but it would be a good thing for Europe. Later Preston from in Amsterdam

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