Best thing after sliced bread! (The Euro)

Name: thewarrior

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Product:	The Euro
Date:	04/07/02 (29 review reads)
Rating:

Advantages: improve trade, improve the economy

Disadvantages: none

The Euro - loved and hated ... but really why hate the little metal thing so much ... it really hasn't done anything bad! ...

The Euro has in those last months been doing well, it has almost daily added value against the dollar ... and the reason is that the US stock market has been and is still very shaky. The Euro almost gained parity with the US dollar a couple of days ago, but due to intervention by some Japanese banks the Euro didn't quite manage to reach parity or surpass the US dollar.

Currently the US dollar is gaining value against the Euro, but reasons for that is most likely profit taking from US investors and the intervention as I mentioned before.

As it looks today the Euro is a competitor to the US dollar and it is going to be interesting to see if the Euro (as expected is going to become 10% above the US dollar).

I think it is important for countries in the EU to take full advantage of the union and join the currency. It is going to benefit the economy both for the individual country and for the whole uninion. So come on UK and Denmark!

This review is not an investment advice and I have not made any statements which will be influental on the market. This review is no invitation to invest into the stock market or the money market. It is up to the individual to make his/her decision!

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