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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: patron_anejo_por_favor who wrote (160187)	4/16/2002 11:29:55 AM
From: orkrious	Read Replies (1) of 436258

The bond is getting schmeissed. Probably because the dollar is getting smacked. Can't be good for this market. From RealMoneyPro Exploding Market 04/16/02 10:31 AM EDT The foreign exchange market explodes with activity as the U.S. dollar sells off across the board. The move began off of the Bank of Canada rate hike that sent the U.S. dollar down -- so much for my anticipation for a buy-the-rumor, sell-the-fact activity. Then the dollar broke down against the yen, taking out the recent lows near JPY131.30 where Japanese pension fund demand was expected. Instead, the dollar fell to JPY130.85 before finding a good bid. The euro, having been confined to a little more than a 15-tick range earlier has rallied to $0.8830 and looks poised to test recent highs now that come in in the $0.8850-70 area.

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