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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: MythMan who wrote (57427)8/19/1999 9:18:00 PM
From: John Pitera  Read Replies (2) of 86076
 
Myth , I'm manning the trader'r turret on the USD. Looks like I'm going to get my 110 $/yen, and the the euro has started to strengthen on the yen cross, as I was suggesting to Henry V on the ASK MBurke thread a few days ago.

that's significant, since if we see several key currencies showing strength against the USD, that makes it a more broad based retreat of the USD. The AUD is really getting hammered.

the little ozzie battler is important to watch as a gold and hard asset currency tell. It also means we are getting closer to a Chinese yuan devaluation.

John
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