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Subject: Re: The Euro at $1.55 Posted on: 14 Mar 2008 11:22:42 CDT

hatunen@cox.net (Hatunen) wrote in
news:hd9lt3pg31d8lfivi7d64ici8dkilid3j9@4ax.com:

> On Thu, 13 Mar 2008 15:24:53 -0700,
> "EvelynVogtGamble(Divamanque)" wrote:
>
>>
>>
>>Mxsmanic wrote:
>>> Hatunen writes:
>>>
>>>> Problem for whom?
>>>>
>>>> Many financial organizations in Europe, and some EU governemnts,
>>>> think the euro has risen too far, too fast.
>>>
>>> But the euro has not risen; the dollar has fallen. That's an
>>> important distinction.
>>
>>One I was also trying to make - but it fell on deaf ears.
>
> Why is this distinction important, and how and to whom?

It's likely important to anyone who exchanges euros for anything other
than US dollars.

--
Bert Hyman | St. Paul, MN | bert@iphouse.com