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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 694.07

-0.2%

Jan 29 4:00 PM EST

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To: uclatrader who wrote (22934)	8/13/1999 1:40:00 AM
From: John T.	Read Replies (1) of 99985

shuo, Japan Revises GDP Growth Rate Up; Investors Stunned; Yen Rises Against Dollar See this article: Yen Rises Against Dollar After Japan Raises Jan-March GDP Growth to 2.0% bloomberg.com Key Excerpt from Article: The dollar's weakness can fuel U.S. inflation by making imports more expensive and also prompt global investors to sell U.S. securities as the value of their equity holdings will fall as the dollar slides. IMO, the Fed may raise interest rates to (1) curb inflation and (2) support the falling dollar. GLOBEX PRICES AS OF 08/13/99 00:31 AM TRADE DATE: 08/13/99 S&P 500 Sep99 Last 1299.80 Down 590 S&P 500 Cash Closed 8/12/99 at 1298.16 cme.com

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