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To: wagglebee
Again, you're quite right. 9/11's immediate impact on USD was marginal at best.

And, btw, that oanda site you posted is absolutely excellent for studying histories on ccy pairs other than those traded in Chicago on CME/IMM.

Frankly, I think (as do my assorted forex gurus) that this imputation that GBP was the 'victim' of a short play by al-Qaida is purely nonsense.

However, in trading, it never pays to disabuse a trader who trades according to an outright delusion -- so, let's let 'em go ahead and sell GBP down another 5-6-8 handles, eh?

/evilgrin

79 posted on 07/16/2005 9:05:43 PM PDT by SAJ
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To: SAJ

From what I could see the USD has been losing value on a fairly steady basis against the Euro for years. It would take a truly catastrophic attack to have a real impact on the dollar's value relative to other currencies. Too many commodities are ONLY traded in USD, it would take something major to change that.


82 posted on 07/16/2005 9:13:29 PM PDT by wagglebee ("We are ready for the greatest achievements in the history of freedom." -- President Bush, 1/20/05)
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