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To: Haim R. Branisteanu who wrote (174475)6/21/2002 5:25:09 PM
From: LLCF  Read Replies (2) | Respond to of 436258
 
<Their target is parity to the USD that is another 290 pips or another 2.9 % or so >

Exactly... not even parity with the Euro yet... If I was European I'd be pissing all over the $US and bringing my coin home, or putting it in Gold. You have to remember, the $US sloshing around the world is mindboggling. The EURO could trade for $2 with WORSE fundamnetals than the US... it just doesn't matter. Besides, the fundamentals ARE there, the trade deficit is horrific, the dollar is the most overvalued currency on the planet.

OTOH... it's like the market... it's oversold. I'm just talking long term investment wise.

DAK



To: Haim R. Branisteanu who wrote (174475)6/21/2002 7:15:58 PM
From: marginmike  Read Replies (1) | Respond to of 436258
 
Haim the dollar is just getting back to where it was in jan 01 when the USA fundimentally was in much better shape then EURO zone. No war, No deficit, no market crash, No Euro integration. My guess is Euro probably should get back to 1.10-1.20 where it was originally pegged before we are close to done.