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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (33695)5/14/2003 5:57:26 AM
From: elmatador  Read Replies (1) | Respond to of 74559
 
Two other strong Euro results:

1) A strong Euro will be used as reserve instead of the USD (2/3 of the world's reserves are in USD)

2) A strong Euro will force Europe to make (long overdue) structural reforms.



To: TobagoJack who wrote (33695)5/14/2003 6:12:00 AM
From: elmatador  Read Replies (1) | Respond to of 74559
 
June 2002, UBS Warburg in The Economist predicted the Euro would have reached 1.05/USD by the end of 2003.

On January 2003, UBS Warburg in The Economist predicted 1.15/USD by the end of 2003.

The Euro hit 1.17/USD last Monday May 12th.

I dind't predicted anything but I wrote here that a good 1.5/USD would be about right by end 2003.


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