SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Euro Impact on Gold, USD ...
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: banco$ who wrote (281)4/21/1999 9:02:00 PM
From: banco$  Read Replies (1) of 289
 
"Regarding the persistent weakness of the euro, particularly against the dollar, some players have asked about possible levels at which the ECB might intervene. Some traders are eyeing a level of $1.0535 as a possible trigger point. That level compares to last year's high for the dollar against the mark. It is worth remembering, however, that Duisenberg has said the ECB's foreign exchange policy is one of 'neglect', implying that foreign exchange moves that risk igniting inflation will arouse concern. The IMF noted yesterday that Euroland inflation was well below 2%.

Over in Europe, European bonds showed gains for the fourth day based on continuing thoughts of low inflation and subdued economic growth. And the market should remain underpinned by thoughts of additional rate cuts if needed. On Monday, ECB President Duisenberg admitted that his "this is it" comment about the recent rate cut was meant to calm market expectations for another near-term rate cut but that he didn't mean rates would not be cut again! As James Bond said "Never say Never".

NOTE: Talk From the Trenches is a daily compendium of chatter from Treasury trading rooms offered as a gauge of the mood in the financial markets. It is not hard, verified news.

04/21 NEW YORK (MktNews)
economeister.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News