Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who started this subject	2/20/2004 12:18:20 PM
From: gregor_us	of 116555

The Battle to Competitively Devalue Heats Up. Something that traders need to keep in mind is that Washington still wants a lower dollar. The dance at the G7 made that clear as does every single statement coming from Washington. _____________________________________________________ Dollar Rises Versus Yen on Japan Terror Alert, Currency Policy Feb. 20 (Bloomberg) -- The dollar rose the most in 17 months against the yen after Japan's finance ministry said it may keep selling the currency and Prime Minister Junichiro Koizumi's government raised its terrorism alert. The dollar also climbed to the highest in six weeks versus the euro after European Central Bank council member Klaus Liebscher said it's ``always possible'' the bank will sell its currency to stem a two-year advance that has cut demand for exports and slowed economic growth.

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