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Gold/Mining/Energy : Gold Price Monitor
GDXJ 136.34-0.4%Feb 10 4:00 PM EST

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To: Don Green who wrote (35516)6/18/1999 4:37:00 AM
From: Zardoz  Read Replies (2) of 116976
 
$4.80
Don come over to the darks side for a while... Hurry cause gold just spiked $4.80+ This is no joke

Euro falls to life low of 122.80 yen-Tokyo bankers

TOKYO, June 18 (Reuters) - The euro fell to a record low against the Japanese currency of 122.80 yen in late Tokyo trade on Friday, bankers said.

The euro has come under persistent pressure against the yen this week amid rumours of strong hedge-related selling interest from Japanese institutional investors with heavy exposure to the euro.

The previous record low was 122.85 yen set in New York on Thursday.
ca.biz.yahoo.com

FX IN EUROPE - Euro softer, flirts with
$1.03

LONDON, June 18 (Reuters) - The euro softened towards $1.03 early in
Europe on Friday, trading only half a cent away from its lifetime lows
against the dollar, as the U.S. currency profited from gains in U.S. assets.

Remarks U.S. Federal Reserve Chairman Alan Greenspan made on
Thursday were seen as signalling that U.S. interest rates would go up near term but only modestly. This removed the cloud that had hung over stock and bond
markets in recent weeks.

''U.S. assets have recovered quite sharply now that it's clear they're not going to see serious rate hikes from the Fed,'' said Keith Edmonds, chief analyst at IBJ
International.

''It (Fed tightening) is not going to be enough to cause a severe correction in the Dow, which was one thing that could have undermined the dollar going forward.''

The euro was at $1.0296/00 at 0735 GMT from $1.0331/36 late in Europe on Thursday. The dollar was firm against the Swiss franc, holding near the six-year high of 1.5520 hit on Thursday.

Earlier, the euro briefly drew support from Bank of France Governor Jean-Claude Trichet's comment that the euro had the potential to rise. But the focus quickly returned to the downside given it has reversed virtually all of last week's rally which saw it rise to $1.0558 from a $1.0254 life low.
ca.biz.yahoo.com
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