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Non-Tech : The US Dollar vs the Euro and a discussion over exchange rat
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To: nigel bates who wrote (5)12/16/2004 3:13:19 AM
From: Alfred W. Post   of 57
 
It is by far not the repatriation of profits made over sea that depresses the value of the dollar. But it also depresses the bottom line of American companies with assets oversea, because their profits in local currency has to be translated into a weak dollar. Fred
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