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To: bruinbirdman

It was interesting to see the US Dollar versus various foreign currencies, from the Euro to the Mexican Peso. You knew something was up when the USD bolted upwards. Capital flew from somewhere into dollars, muy muy rapidamente. I think the Euro was down about 10 percent from recent highs, and the Mexican peso down about 8 percent or so. Eurobanks must be hurting to see their currency depreciate more than Mexico’s. Aye, Carumba.


5 posted on 10/01/2008 11:00:52 PM PDT by bajabaja
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To: bajabaja
The other currency that's in deep, er, sheep is GBP. 'Crash' Gordon Brown has thoroughly screwed the pooch, and Sterling is (as they say there) ''for it'', meaning ''going to take a huge hit''.

The dollar sucks, given the last 20 years' maladministration of this nation. However, there are a whole bunch of currencies that suck far worse (S.A. Rand is another one, btw, but it's tough to trade. So are most of the S. American currencies, with the same objection).

8 posted on 10/01/2008 11:05:45 PM PDT by SAJ
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To: bajabaja
This website may be useful to you. Current Forex Rates

Best wishes!

17 posted on 10/01/2008 11:50:19 PM PDT by SAJ
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