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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: The Vet who wrote (22154)12/8/2004 9:48:53 PM
From: basserdan  Respond to of 81092
 
Anyway the answer seems to be that the Swiss Franc currently makes up 2.59% of the DXY0 index; as I suspected, not a very significant amount, and certainly not enough to support any argument that it has a critical role in establishing the USD value
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Exactly my thoughts! -vbg-

Louis, tho a bit to smart for me, is a 'must read' poster on SI and Ihub and is really hep when it comes to currencies.

I'm glad it helped, Vet, but I'm still in your debt. -gg-



To: The Vet who wrote (22154)12/9/2004 3:34:53 AM
From: GUSTAVE JAEGER  Read Replies (1) | Respond to of 81092
 
Re: the Swiss Franc currently makes up 2.59% of the DXY0 index; as I suspected, not a very significant amount, and certainly not enough to support any argument that it has a critical role in establishing the USD value.

But then, tell me why Wall-Street smartasses put it in the USD index's currency mix in the first place??? Who needs a "dummy variable" (CHF) that barely changes the fifth decimal????


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