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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: sea_urchin who wrote (22845)4/7/2005 6:52:16 PM
From: philv  Read Replies (3) of 81372
 
I just don't get it. You would think that the US would want its currency to slowly and steadily decline in order to cause inflation at home and to some degree help its trade deficit and jobs situation. A strong dollar does none of that, exactly the opposite as a matter of fact.

So, why the strong dollar unless the FED is afraid of what the creditors might do, like cancelling further credit or even cash in their US dollar holdings. It seems to me, the US is screwed with a strong dollar, and equally screwed with a weak dollar. So, they are screwed either/both ways. They seem to have now chosen their preference as to how they want to be screwed.

But most likely big creditors/players like the Arab oil interests and the Asians are determining the position! There is likely to be much discomfort and complaining forthcoming from over vigorous screwing resulting with a demand from the FED that the position be changed from time to time.
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