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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: westpacific who wrote (62441)	6/1/2006 1:02:59 PM
From: elmatador	Respond to of 110194

"dollar could rally." Possibly. Iran/oil producers hurt by USD down. Oil goes to 60, but OPEC receives stronger USD. That because -now- OPEC countries receive depleted USD and pay exports in Euro and other currencies that appreciate vis a vis the USD. This will defuse GCC de-pegging. Message 22408606 The bank (Standard Chartered Bank) said the dialogues were timely as the GCC is preparing to adopt the single currency and changing dynamics of the market place give rise to financial investment instruments for hedging and strategic planning. The reports points out that while exports are largely priced in USD, this is not the case for imports with ensuing rise in currencies such as the Euro (EUR) and Japanese Yen (JPY) against the USD leading to a sharp rise in non-USD import prices, it says. Message 22436466 Message 22408609 USD raising against Brazilian real also stabilizes rate here. Ahmadinejad stop being the "hero" of Chavez, Fidel and Morales. Has everything to rally!