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  #15  
Old December 26th, 2003, 02:46 PM
Sjoerd
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Default American dollars is plunging: NO MORE TRAVEL!


schreef in bericht
...
This is
also why the Asian currencies aren't falling as much as the Euro.
They, of course, realize this and are taking counteraction, making
them less competitive against the US but more against the Europeans.


As usual, you don't have a clue. The euro isn't *falling* against the US$,
it is*rising*. And many Asian currencies (such as the Chinese yuan, the HK$
and the Thai baht) are de-facto linked to the US$, so there is no
"counteraction" at all.

Sjoerd