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sells in dollars and buys in euros. No wonder they want their currency to move to some extent to a more neutral position.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Mon May 21st, 2007 at 05:12:52 PM EST
Yes, you do bring up an interesting point.
They should base their "basket of currencies" more or less close to what their actual trading basket is.

Yes, I believe most of the GCC or more broadly the ME sell most of their exports to the EU and very little to the US then it seems that the US dollar should be a minor portion. Unlike the Asian experiences.

Maybe if I find some information of the Kuwait's trading partners I will post it here.

Rutherfordian ------------------------------ RDRutherford

by Ronald Rutherford (rdrradio1 -at- msn -dot- com) on Mon May 21st, 2007 at 05:48:53 PM EST
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