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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Robert Douglas who wrote (3503)	1/28/2003 3:44:01 AM
From: GUSTAVE JAEGER	of 3536

Re: Personally, I think it's late in the game to be going long the euro. I have been pounding the table against the dollar for several years now and think it still has a way to go, but the biggest moves need to happen against currencies that are fixed like the yuan. The euro may have gone far enough in the short run, especially considering the poor state of its principle economies. I totally agree with you.... the current euro spike will be short-lived. Could it be that the weaker dollar stems from China putting the squeeze on the US, diplomatically speaking, that is??? I mean, it's a fact that China is the chief buyer of US bonds: every year, China lends the US billions of dollars... for US consumers to buy Chinese products. The crisis over Iraq and Korea might be enough for China to remind her American partner....

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