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Politics : Impeach George W. Bush -- Ignore unavailable to you. Want to Upgrade?

To: Lazarus_Long who wrote (21464)	6/18/2003 12:14:34 PM
From: TigerPaw	Read Replies (1) \| Respond to of 93284

You must be one of the laziest posters on SI. Just look at any of the hundreds of articles on exchange rates. <font color=purple>So far, the euro's appreciation is close to 30 percent from the lows of two years ago, and there is every reason to believe that even more strengthening is to come. The euro is the only currency against which the dollar can depreciate. (The last thing Japan needs is an appreciation of the yen.) It will take more than what we have seen so far to return the US current-account deficit to reasonable proportions. </font> The real kicker is when you realise that the dollar is falling when compared to currencies pegged to economies which are also in trouble. It just indicates that the real decline is greater than that which is measured by the dollar itself. taipeitimes.com TP