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

To: Robert Douglas who wrote (3124)	8/15/2001 9:31:17 AM
From: Robert Douglas	Respond to of 3536

Excerpt from WSJ: "The dollar lost ground against all its major counterparts after the International Monetary Fund warned that an unsustainably large current-account deficit poses a significant threat to the stability of the U.S. currency."

To: Robert Douglas who wrote (3124)	8/15/2001 10:17:56 AM
From: Lee	Read Replies (1) \| Respond to of 3536

"I have felt the dollar was poised for a decline for many months now and so my credibility is pretty much shot. <g>" Hi Robert, Change the word months to weeks and you would pretty much be spot on. <g> Over the last week I have been entertaining friends from Ireland. The highlite of every visit for them is shopping. Not this year for the US is quite expensive, by a factor of about 2. I should be the one visiting, there are great deals to be had for US citizens abroad. Certainly one would think this move has some legs. In the short run the US is not one of the faster growing economies. The belief in US strength has been on of the last pillars of dollar strength. Regards, Lee