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[sharechat] US Dollar

From:	"Brian & Fiona Brakenridge" <pohuenui.island@xtra.co.nz>
Date:	Wed, 19 Sep 2001 09:10:50 +1200

Hi:

An open question to anyone who has an interest in foreign currencies.

I would have thought that if anything was going to significantly devalue the US$ it would have been the recent bad economic news coming out of the US followed by the terrorist attacks in New York and Washington. I'm wondering why this hasn't happened. I'm in particular wondering why infact the Kiwi$ has dropped against the US. Many commentators have been predicting significant strengthening in the Kiwi. Does this indicate an underlying strength in the US$? What are the issues?

Others thoughts would be appreciated.

Cheers

Brian

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