A war rally for the USD could be short-lived

	Since the beginning of Dec the USD has been off 8.2% against the Euro and 1.9 % against the J yen. Against a broad index of US trading partners and adjusted for inflation, the USD is 1% off from Dec to Jan, according the Federal Reserve data......A look back to the Persian Gulf War of 1991 offers some insight into what the USD may face in coming months. After the Iraqi invasion of Kuwait in Aug 1990, the USD fell 9.3 % against the D Mark, the the dominant currency of Europe, and 15.1% against the yen. But once the ground war began in Feb 1991, the USD took off, rising 30 % against the Mark and 13.5 % against yen by summer. That is the lesson most people remember. Bust what happened during the rest of 1991 is instructive. Although the 1990-91 recession was officially over in Mar and a recovery had technically begun, the economy showed few signs of life; the lift in the gulf war faded and the USD sank. By the end of 1991, the broad trade-weighted dollar was almost back to its Feb low and was down 1.1 % for the year. History may repeat itself. Even though Europe and Japan are in worse shape economically the ths US, there few positives for the USD now...................................... Quoted from The Newyork Times The orginal essay is very long. I just stressed on the topic. I request someone can in translate it into Chinese. Please judge the reliablity by yourself.

	谁有快译通？请翻译,利不懂者。多谢了！

	A war rally for the USD could be short-lived Since the beginning of Dec the USD has been off 8.2% against the Euro and 1.9 % against the J yen. Against a broad index of US trading partners and adjusted for inflation, the USD is 1% off from Dec to Jan, according the Federal Reserve data......A look back to the Persian Gulf War of 1991 offers some insight into what the USD may face in coming months. After the Iraqi invasion of Kuwait in Aug 1990, the USD fell 9.3 % against the D Mark, the the dominant currency of Europe, and 15.1% against the yen. But once the ground war began in Feb 1991, the USD took off, rising 30 % against the Mark and 13.5 % against yen by summer. That is the lesson most people remember. Bust what happened during the rest of 1991 is instructive. Although the 1990-91 recession was officially over in Mar and a recovery had technically begun, the economy showed few signs of life; the lift in the gulf war faded and the USD sank. By the end of 1991, the broad trade-weighted dollar was almost back to its Feb low and was down 1.1 % for the year. History may repeat itself. Even though Europe and Japan are in worse shape economically the ths US, there few positives for the USD now...................................... Quoted from The Newyork Times The orginal essay is very long. I just stressed on the topic. I request someone can in translate it into Chinese. Please judge the reliablity by yourself.                          --- ---- 说什么样？----

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