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Old 10-30-2008, 12:39 AM  
mn
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Join Date: Oct 2001
Posts: 1,505
USD lost a lot the latest 48 hours or so to all currencies. EUR/USD trading around 1.32 now. Remember it was only two month or so since 1.60... it was down to 1.23 as best a few days ago.

Blame FED for the 0,5% cut yesterday... Luckily ECB will follow shortly and we can see the USD gain some strength again.

Long term seems good for the USD. The trend for stronger USD is not broken (yet). And soon US will have a democratic president = good for USD.
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