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

To: Skeet Shipman who wrote (2912)	1/7/2001 5:30:41 PM
From: Henry Volquardsen	Read Replies (1) \| Respond to of 3536

Hi Skeet, Oil price increases, if any, should be supportive of the dollar. Japan and Europe are both more exposed to oil prices than the US and would suffer more. That said I am skeptical of OPEC's ability to control prices. It is my firm opinion that the rise in oil prices was largely not the result of OPEC actions but do to strong increases in demand due to the recovering global economy most particularly in Asia. If a global recession takes hold there will be a reduction in demand that will weaken prices. OPEC was unable to prevent this is 98 and I don't believe it would be much different now. Henry