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Dollar Skids to Lows Versus Euro, Yen
Reuters ^ | October 25, 2004 | Kazunori Takada

Posted on 10/25/2004 12:44:26 AM PDT by RWR8189

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1 posted on 10/25/2004 12:44:27 AM PDT by RWR8189
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To: RWR8189
and what big-time currency trader would want the dollar to fall??

SOROS.

2 posted on 10/25/2004 12:48:23 AM PDT by GeronL (FREE KERRY'S SCARY bumper sticker .......... http://www.kerrysscary.com/bumper_sticker.php)
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To: GeronL

There's also the other side of the equation...American goods will compete better in those markets.


3 posted on 10/25/2004 12:50:55 AM PDT by CWOJackson
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To: CWOJackson

true but thats not how the media will report it


4 posted on 10/25/2004 12:51:41 AM PDT by GeronL (FREE KERRY'S SCARY bumper sticker .......... http://www.kerrysscary.com/bumper_sticker.php)
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To: GeronL

Or the buchananites.


5 posted on 10/25/2004 12:52:59 AM PDT by CWOJackson
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To: RWR8189

This is a crock! The economy is doing poorly in Europe, but they inflate the Euro anyway! This is a message to the US electorate to get rid of Bush. Plain and simple.


6 posted on 10/25/2004 12:55:04 AM PDT by Shery (S. H. in APOland)
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To: GeronL

It takes more than a few billion dollars to move the USD this much...


7 posted on 10/25/2004 12:57:57 AM PDT by RWR8189 (Its Morning in America Again!)
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To: GeronL

Right. And starting November 3rd, Soros is going to have to unwind all of his positions. Let's hope that Republican-friendly currency and oil traders cut his clothes off his back.


8 posted on 10/25/2004 1:01:38 AM PDT by snarks_when_bored
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To: CWOJackson
There's also the other side of the equation...American goods will compete better in those markets.

True, but that's only about 4% of our economy. It's not worth all the negatives.

9 posted on 10/25/2004 1:02:12 AM PDT by Moonman62 (Federal Creed: If it moves tax it. If it keeps moving regulate it. If it stops moving subsidize it.)
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To: Moonman62

I'm not that concerned. The story itself points out that a lot of this is driven by the "close" election. That will be over soon.


10 posted on 10/25/2004 1:04:16 AM PDT by CWOJackson
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To: RWR8189

I was here when the rate was 90 yen to the dollar. Nasty times.


11 posted on 10/25/2004 1:18:33 AM PDT by Alien Gunfighter (Draw!)
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To: RWR8189

All I know is that the Dollar sucks against the New Zealand Dollar right now, which means my comfy seat on Air New Zealand costs that much more....


12 posted on 10/25/2004 1:20:57 AM PDT by Experiment 6-2-6 (Meega, Nala Kweesta! Give A+BERT (snakeoil) his name back! Help him, JimRob, you're his only hope...)
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To: CWOJackson; All
US Exports are booming because of the low dollar. Why would anyone in their right mind be concerned??

In the last year I have been proud to see Chevrolet and Ford making inroads in SE Asia and grabbing a piece of the pie from the Japanese.

American manufacturers need to consider export markets if they have not already.

13 posted on 10/25/2004 1:24:27 AM PDT by expatguy (Fallujah Delenda Est!!)
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To: RWR8189

The money market heavies are exercising their power.


14 posted on 10/25/2004 1:27:09 AM PDT by Bandaneira (The Third Temple/House for All Nations/World Peace Centre...Coming Soon...)
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To: Moonman62
Sorry, but I see more POSITIVES than NEGATIVES in having a low US dollar.

Three of the biggest issues are the deficit, promotion of US exports, and reduction in imports.

15 posted on 10/25/2004 1:28:45 AM PDT by expatguy (Fallujah Delenda Est!!)
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To: expatguy
I totally agree.

A couple of months ago some of our euro friends were complaining about how people were buying "cheap" American products and it was hurting them.

I wonder if there is a euro equivalent to Walmart...where they only sell cheap junk made in the USA?

16 posted on 10/25/2004 1:28:48 AM PDT by CWOJackson
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To: Bandaneira

They could get burned...bad.


17 posted on 10/25/2004 1:31:35 AM PDT by CWOJackson
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To: CWOJackson

Wouldn't bother me in the slightest if they did. They should go out and get a real job !


18 posted on 10/25/2004 1:32:42 AM PDT by Bandaneira (The Third Temple/House for All Nations/World Peace Centre...Coming Soon...)
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To: CWOJackson
Carrefour a French company is the world's second largest retailer.

Needless to say, they are experiencing financial problems.

Carrefour 'might war on sales'

Carrefour Cuts Forecast for Annual Profit After Reducing Prices

19 posted on 10/25/2004 1:36:46 AM PDT by expatguy (Fallujah Delenda Est!!)
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To: expatguy
Then there are the four Opel plants in Germany. They're loosing money and their future isn't looking too good. Their owners want to make some "changes" and the Germans are up in arms.

GM owns them.

I hope GM doesn't make cut backs...I would prefer they simply move the plants to Poland.

20 posted on 10/25/2004 1:41:04 AM PDT by CWOJackson
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