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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: epsteinbd who wrote (79730)	7/8/2001 9:44:36 PM
From: exeric2	Read Replies (4) \| Respond to of 99985

I thought your post was very interesting. I read an interesting article in Barron's lately in which the view is that the Euro will come under increasing pressure as the deadline for local currencies expires. The theory was that their is a lot of black market cash in private hands that are denominated in local currencies. As the deadline approaches it supposedly will more likely go into the dollar than in the Euro. I think it's probably true. I think the low for the Euro will be very close in time to the expiration of local currencies. After expiration there will be little pressure on the Euro. I have an interest in this because I have a Ducati motorcycle that I ordered over the internet that is priced in Eurodollars. The price is finalized at delivery which will be around May of 2002. Just what date will local European currencies become extinct? Also what do you think the best way of locking in a favorable exchange rate is without incurring high fees. I live in the USA. Thanks in advance. exeric2