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Politics : Foreign Affairs Discussion Group
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To: frankw1900 who wrote (98319)5/18/2003 5:41:32 AM
From: Noel de Leon  Read Replies (2) of 281500
 
""Perhaps you can explain why the Euro has moved from 80% of the dollar to 14% above the dollar
"Interest rates.""

Interest rates only explains some of the difference in the evaluation. More important is the lack of confidence in American markets.
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