The Euro Dollar and The Impact on International Currencies Message Board

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Non-Tech : The Euro Dollar and The Impact on International Currencies

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To: Tech Master who wrote (1)	10/6/1998 7:42:00 PM
From: Moneysmith	Read Replies (2) of 28

The Euro will be a work in progress for the first year or so. They have to get a money supply definition; they need to bring the New Central Bank up to speed; money markets will probably consolidate in Frankfurt eventually..one stock exchange..one money market. The Euro will become the world's other currency and will compete with the dollar. I think investors already know this and are buying DM and FF why is the US$ fading so fast?? against the DM and the YEN? If Greenspan cuts rates too much he will send the $ to the cellar. Maybe thats good for trade but the bond market had better duck.There will be a flight from $$ denominated assets.

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