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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: dybdahl who wrote (1368)	10/7/2007 1:15:28 PM
From: RJA_	Read Replies (1) \| Respond to of 71456

>>Denmark has one of the closest cooperations with another currency, that is not a lock. Changing governments, from each their side in the parliament, have demonstrated the willingness to provide an economic policy that stabilized exchange rates to Euro. In other words, the exchange rate is not stabilized only because of national bank actions, but also because both sides in the parliament make political decisions to support it. Denmark has about 5 mio inhabitants. What is your take on the Norway Kroner? I was over there this summer, and I found lots of kids working in Norway from Sweden, because the pay was better and there were more jobs. NOK is a petro currency (which in my view is good -- as it represents a scarce and getting scarcer asset). Do they attempt to tie to Euro also? I note Norway raised its CB interest rate last week to 5%, while EU appears to be holding steady.