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Non-Tech : The US Dollar vs the Euro and a discussion over exchange rat
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From: Alfred W. Post12/21/2004 7:44:48 AM
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Two recent events should have had a positive influence on the dollar but did not:
first the renewed assurance of Pres. Bush of his intention to halve the budget deficit by cutting expenses. I guess the market is waiting to see if one can really detect solid proof of carrying these intentions out which should be visible in the new budget proposal.
second: for the first time after 5 reductions the leading indicators are showing an increase meaning that the economy will continue to improve further. And a growing economy would increase tax revenue which would reduce the budget deficit on the income side.
Apparently the market does not trust neither indicators nor Bush's promises. Fred
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