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Re: Lady-baron post# 252905

Saturday, 02/23/2008 11:31:26 AM

Saturday, February 23, 2008 11:31:26 AM

Post# of 648882
Good afternoon Lady-baron. You are right - the recovery of the dollar may take more time, and requires at least that FED does not lower the rates further. On the other hand there has come out troubling signs of lowering consumption, both from businesses and from consumers, and that of course does not point for a rate hike from FED. The same weakening of consumption goes for Europe, too, but hopefully not for BRIC countries.

Euro will be in real trouble in the global markets, if ECB does nothing and the dollar will weaken further. Especially the sectors, which manufacture the goods in euros and sell them in dollars (pulp and paper, machinery, white goods).

We'll see. Next six months will be important time.
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