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Non-Tech : The US Dollar vs the Euro and a discussion over exchange rat

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To: sammy™ -_- who wrote (55)11/8/2005 8:54:13 AM
From: Alfred W. Post   of 57
 
As you must have noted, the $ is showing strength while the Euro is falling and this despite of the debt. This is because right now you get more from higher interest rates in the USA than in Europe - so money managers are shifting their fonds into the $ causing an increase in demand which lifts prices. This could last for a while despite the fact that the real problem with the $ remains the inballances. Fred
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