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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: sea_urchin who wrote (21985)11/27/2004 4:30:45 AM
From: GUSTAVE JAEGER  Read Replies (1) of 80963
 
Re: I have to say the USD is looking a bit "oversold" at the moment. An obvious acceleration pattern, as we see on the USD chart, is nearly always followed by a sharp rebound

I remember that, back in 1996 (not sure though) I bought USD at the rate of 1 USD = 28.97 BEF (Belgian franc)... Now, the BEF was pegged at 1 EUR = 40.3399 BEF. So, my point is that I bought USD in 1996 at the rate of 1 EUR = 1.44 USD. Right now, the EURO trades for about 1.33 USD --nothing to write home about!
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