In article ,
 Josh Hill  wrote:

>
> I'm guessing that it's essentially the former, because it's in
> Europe's economic interest to have a strong dollar -- better for
> exports. There's just no way they can balance the combined effects of
> Asian currency manipulation and the Bush Administration's economic
> policies (deficits => weak dollar).
> 

    A few years ago, many were making the argument to go to Euro because 
the dollar was so high. Before that, the argument was to have oil 
demoninated in Yen, because the dollar was so high. Before that, in Yen 
because the dollar was so high (we are now safely back in the late 60s 
and early 80s). 
      The OPEC types tend to be longer lived as leaders and are in no 
hurry to change things because they have seen it all before. 

>
> Administration. Or perhaps it's just reluctance to change and the
> knowledge that rates will continue to fluctuate -- after all, it was
> only a few years ago that the dollar was too high. In the end, the
> fluctuations tend to average out.

  BINGO! We have a winnah!! (g).
--- SBBSecho 2.12-Win32