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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: SGJ who wrote (25551)	12/17/2000 8:42:19 AM
From: edamo	Read Replies (3) of 65232

qcoman..."if the dollar drops...europe opens its wallet" first the eec is not one of the usa major trading partners, they are behind canada, mexico, and japan.... any substantial drop in the dollar will cause oil prices to increase in a proportionate fashion...remember oil is priced in dollars, and the opec charter uses currency conversion rates as a factor in oil pricing....stronger the dollar, the lower the cost of opec oil...

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