Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: jimsioi who wrote (26724)	1/27/2003 7:57:32 AM
From: Louis V. Lambrecht	of 36161

Yeah, Dollar bottom is around somewhere. ECB will start intervention somewhere. - The dollar's fall against the euro may be limited after European Central Bank council member Ernst Welteke said he opposes a further "rapid'' rise of the euro, which has gained more than 9 percent against the U.S. currency in the past two months. "The rapid rise must certainly not continue ad infinitum,'' Welteke, who's also head of the German central bank, said yesterday. Welteke also said the currency's rise so far "is not a reason for concern.'' (Daily Forex Strategies from SaxoBank) 1.14 price of the EUR @ inception? 1.2ish standard deviation from Nixon gold denial? 1.4583 Sep 02, 1992 all time high? If only I knew. Btw, foreigners are not getting away yet, IMHO, they just slowed the buying.

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