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Gold/Mining/Energy : Euro Impact on Gold, USD ...
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To: banco$ who wrote (106)12/3/1998 7:10:00 PM
From: banco$  Read Replies (2) of 289
 
"Meanwhile, a mammoth U.S. trade deficit continues to pump up the supply of dollars around the world and weighs down the dollar's value.

''Until recently, capital flows had been propelling the dollar higher. But the trade deficit may be approaching the point where people in Europe, particularly, may not be willing to hold dollars,'' Fenollosa said.

The 11-nation euro currency, to begin life in January, had been expected to trim demand for dollars as European companies and banks begin to conduct more cross-border business in euros and less in dollars." NEW YORK, Dec 3 (Reuters)

full story- biz.yahoo.com
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