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To: blam

well if the euro is now more or less on par with the dollar
( as far as i remeber the euro was pegged at $1.20 when “invented”)
this is not necessarily a bad thing.


2 posted on 05/16/2010 4:02:29 PM PDT by darkside321
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To: darkside321

It is. Neither are worth a plug nickle.


4 posted on 05/16/2010 4:16:20 PM PDT by screaminsunshine (S)
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To: darkside321

It isn’t good for American product exporters like me...


6 posted on 05/16/2010 4:24:18 PM PDT by DB
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To: darkside321
( as far as i remeber the euro was pegged at $1.20 when “invented”)

IIRC...the Euro,at launch,was pegged at something like $1.17 per Euro.

Also,IIRC,the Euro fell to about $0.88 per Euro a few years back...can't recall exactly when...or why.

9 posted on 05/16/2010 4:30:25 PM PDT by Gay State Conservative (Host The Beer Summit-->Win The Nobel Peace Prize!)
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To: darkside321

The Fed just swapped a billion dollars for euros.
Why?
Europeans need/want dollars.
Why? Europeans are hanging on to dollars, and dumping Euros.
What do they know/feel/sense that we don’t know?


13 posted on 05/16/2010 4:42:19 PM PDT by Leisler
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