>When it was launched the euro bought $1.16. Parity - where one euro bought >one dollar - was deemed unthinkable. Today, however, one euro is worth just >over 91 cents. >..... >The problem for the euro is that throughout its life there has been a very >attractive something else - the dollar. ........ shouldn't the large US current account deficit signal a fall in the US$ and a rise in the Euro sometime in the near future? Jim Devine [EMAIL PROTECTED] & http://liberalarts.lmu.edu/~jdevine
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