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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: bill who wrote (14435)6/19/2002 7:27:25 AM
From: sea_urchin  Read Replies (1) of 80963
 
bill >the US dollar would be in serious trouble if the euro
could reach 95 and stay there

I think the USD is in trouble right now.

As for 95 being a critical point, that I can't say but the chart, which makes new lows every few days, looks very weak. Obviously, the lower the USD falls, the greater is the US Balance of Payments deficit, the less inclined foreigners are to invest in the US (in fact, they will disinvest), and the lower the USD falls etc etc.

As far as I can see, the only reason the USD doesn't fall even faster is that the Euro economy isn't great and Japan is still in the doodoo. So, no-one knows where to put their money --- and gold is a "no-brainer"!

PS. I see I have said more or less the same as Terry has!
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