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- Newsgroups: misc.invest
- Path: sparky!uunet!mcsun!sun4nl!rulway.LeidenUniv.nl!crisar
- From: crisar@rulcvx.LeidenUniv.nl (Anton van Rosmalen)
- Subject: Medium-Long term direction of dollar
- Message-ID: <1992Nov16.132353.11355@rulway.LeidenUniv.nl>
- Sender: root@rulway.LeidenUniv.nl (System PRIVILEGED Account)
- Nntp-Posting-Host: rulcvx.leidenuniv.nl
- Organization: CRI, institute for telecommunication and computerservices.
- Date: Mon, 16 Nov 92 13:23:53 GMT
- Lines: 15
-
- As was correctly remarked a countries economy has a dominant
- effect on interest rates , which are domimant in detreminating
- the exchange rate ...
- Indeed german money market rates are coming down, The question is when ?.
- i invested in dollar denominated values 12/18 months ago with a strong
- beleive that european currencies will devalue against the dollar and
- eventully they will as interest rates go up in the USA and go down in
- Europe ...
- look for the dollar to hang on to around 1.60 dmarks, and to rise
- sharply and quickly as market sentiment is positif for the dollar
- and any excuse (impuls) on economic data will push it upwards.
- Market gurus in europe see the dollar quickly going towards
- 2.10 - 2.30 in 1993-1994 period ... (according to statistics is its
- PPI ) .... i certainly hope so .
-
-