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Strategies & Market Trends : Waiting for the big Kahuna
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To: Real Man who wrote (69299)5/2/2004 7:44:01 AM
From: Gary105  Read Replies (1) of 94695
 
Vi, dollar should rally for 2 reasons:
1. Fed increases interest rates
2. Anticipation that govt deals with deficit next year through combination of tax increase and spending cuts. It is very common to do the unpopular the year after the election.

In addition theres a desire by European manufacturers to see a weaker Euro.

I heard analyst on Bloomberg predicting dollar at 105 Euro and 118 yen by yearend.
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