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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Box-By-The-Riviera™ who wrote (190176)9/2/2002 3:29:05 AM
From: Oblomov  Read Replies (2) of 436258
 
OK, I agree with all of this but the part about the USD collapse.

Note that even thought the USD Major Currency Index has fallen 7.5% from its February peak, the Other Important Trading Partners Dollar Index (USD vs. commodity producers) has continued to rise. As a result, the Broad Dollar Index has fallen less than 4% from its peak.

The dollar has been remarkably stable over the past year, falling slightly against other major currencies. This has helped the rally in commodities. A USD collapse wouldn't, IMO.
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