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Dollar expected to fall amid China's rumoured selling
Couldn't bring US down by electing Kerry, so trying to bring US down economically???Doesn't this make China less competitive? It certainly makes Euroland. Some stock market people on FoxNews yesterday said the Euros won't buy American stocks because of W. The dollar could slide still further, in spite of hitting an all-time low against the euro last week in the wake of George W. Bush's re-election, currency traders have said. The dollar sell-off has resumed amid fears among traders that Mr Bush's victory will bring four more years of widening US budget and current account deficits, heightened geopolitical risks and a policy of "benign neglect" of the dollar. Many currency traders were taken aback on Friday when the greenback fell in spite of bullish data showing the US economy created 337,000 jobs in October.... It's really going to be bumpy. Posted by: anonymous2u 2004-11-08 |
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