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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (2532)	8/28/2000 5:11:32 PM
From: Archie Meeties	Read Replies (1) \| Respond to of 3536

True, high oil isn't good for any currency except perhaps the Canadian dollar - but we're dealing with relative weaknesses when comparing the euro vs the dollar. The difference in per capita consumption of oil (2x EU in the states) would seem to favor a shift in perceptions of economic strength from a more crude dependent economy to a less... But so far exactly the opposite is true. Of course, the refined products, which are the true generators of inflation, remain cheap in the US.