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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Defrocked who wrote (33003)9/8/1999 11:35:00 AM
From: John Pitera  Read Replies (1) of 44573
 
Hi Def, the former meaning that it scares you we're all shorting here -g-

I see some interesting non-remarks on the euro in bold below...from the FT.

The euro was weaker against the dollar on disappointment with the industrial data in Germany. Output in July was up 1 per cent from June but down 4.9 per cent from a year earlier. The annual rate of decline is reduced to 2.7 per cent if the figures are adjusted for the numbers of days worked in the relevant months. Germany warned that there may be a downward adjustment to the final data for July this year because of problems with taking account of alterations in holiday periods.

Sentiment towards the euro was also negatively affected by the news that Ernst Welteke, the president of the Bundesbank, had altered the text of a speech on Tuesday to remove a reference to $1.06 being the right value for the currency.
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