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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: GUSTAVE JAEGER who wrote (22118)12/7/2004 6:50:14 AM
From: The Vet  Read Replies (2) of 81028
 
Gustave, I'm with Searle on this. Norris is wrong in his statement because he wasn't making a specific comparison of the USD with any other specific currency in his article. That was a fiction that you derived by selectively quoting parts of Norris' article, not the full context. Norris quoted the value of the USD in terms of the Yen, Pound and various European currencies at different times.

Sure you will be able to find selected European currencies that at times may have been relatively weaker or stonger in the 1990's than their equivalent in Euros today but such selections prove nothing. The USD Index is a trade weighted index and it's composition is derived by the relative amount of trade the US does with each of the other currencies. It is the value of the USD compared with a weighted average of all the other major currencies the US deals with. It does provide a real measurement of the USD versus the rest of the world currency values.

Using this as a measurement, and by doing so you can disregard inflation, relative moves of each of the composite currencies of the index and changes in the trade weighting over time, then indeed Searle is right and Norris is wrong.
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