Gulf War 1991?

[hkmsibet]

Hi,
Is there anyone know that in 1991 the Gulf War ,is the USD go strong or weak ?
Refer to Dow Jones reported in 1991 its was up.( this morning bloomberg news)
Last night the markets the USD have been gain very strong againts the all others currency. I was so supprice & really don't believed it.
Or is there any history chart who can supply to me.
Your help is much appreciate.

Thanks,
geucy.

[henrihelen]

Geucy,

I looked up "Desert-Storm.com," that gave me a chronology time frame from July 17, 1990 when Husssein accued Kuwait of oil overproduction and the theft of oil, to when the U.S. troops returned home. Also, it includes the date Jan.17, the air war started. I then looked at "fxcm.com/FinanceChart.htm," the same time frame as July 1990 to March 8, 1991. What I observed is the "USD/JPY" and the "USD/CHF" went a down trend, after the war ended both reverse and went on a uptrend. The "EUR/USD" and the GBP/USD" went on a uptrend, after the war they both reversed and went on a downtrend. I have been advised, don't count on it repeating.

[gregh285]

a lot of the dollar bullishness post Gulf War1991 could be attributed to the rally in the stock indices and the demand therefore the demand in dollars.
Lest we forget that we were in a bull market at the time, the scenario is much different this time....

[hkmsibet]

Thanks ,
Anywhere i believe that tomorrow morning at asia time (1am -4am) the USD might be very weak againts all others currency, this morning the bloomberg news had analysis the 1991 Gulf War , on that day when US start attacked Iraq,the USD down almost up to 3% at that day.

wish all of us can benefits this opportunity..

Happy Trading !!!!
James.