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Right on the money! -
06-16-2008, 09:37 PM
Not sure about the swiss frank-but the GBP is weaking for sure! This great country will be the next to feel the global currency meltdown! Their credit problems have only just begun.They will (WILL) lower their interest rate and this will have a negative effect on their currency value across the board.The technicals show this and it is only a matter of time. The high cost of energy(oil) will only add to their weakening currency.
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