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To: Trading Machine who wrote (34715)11/3/2000 10:58:20 AM
From: donald sew  Respond to of 42787
 
Paul,

>>>> a friend of mine told me that oil is sold in USD only world wide. This being the case, if the $ did go down against the euro for instance, it could have a rather immediate effect on the european consumer. <<<<

That is also my understanding. I also believe that the reverse also attributed to the fast fall in crude prices in 1998, in light of the Asian/worldwide currency problems, where it was tough to get U.S.Dollars to pay for the crude.



To: Trading Machine who wrote (34715)11/3/2000 11:09:41 AM
From: JRI  Respond to of 42787
 
Trading machine- Consumer confidence type-surveys don't work real well in Europe...they are not like Americans (ie, for every blip up in $$, we spend, and our confidence grows-very direct correlation)....changes in behavior, sentiment take a lot longer, and are not always tied directly to specific moves in income, etc...


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