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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (87824)1/3/2001 3:00:01 PM
From: Freedom Fighter  Read Replies (1) of 132070
 
Mike,

>>T, The dollar has actually gone up against most major currencies (ex the Yen) after the reckless rate cuts of the past, so nothing is guaranteed. But down is the way to bet.<<

I agree with you long term.

In the past I think BGR made a good point along the lines of a rate cut being perceived as a plus for the economy and asset prices. That can draw money into the dollar short term.

Wayne
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