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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (24682)10/5/2000 8:49:47 AM
From: BigBull  Read Replies (1) of 436258
 
ECB raises rates 25 basis points today. I expect the bottom is in for Euro currencies now. Maybe a few more interventions just to make sure. I was not aware the ECB had $300 billion to work with. Must give the currency traders pause. Imo what was significant to me about the most recent intervention was simply that it was everybody selling dollars. Sent 'em a message? I think so.

bloomberg.com

Thanks for the excellent analyses re Euro currencies, and the view from Europe. Since Germany is still "hard money" I simply can't imagine the Bundesbank being pleased with the Euro and the Dmark being slaughtered over some 20% in one year. That's got to bring back some bad memories. Just how strong is the German position within the ECB?
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