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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Henry Volquardsen who started this subject	12/25/2000 7:18:19 AM
From: friverola	of 3536

Euro rises as region´s economy seen outpacing Japan and US (Bloomberg News) fxstreet.com The euro rose to a nine- month high against the yen and a five-month high against the dollar on speculation growth and interest rates in the 11-nation region will outpace those in the U.S. and Japan. Reports showing slowdowns in the world's two biggest economies are making investors less likely to move their money into dollar- and yen-denominated investments, analysts said. Expectations that interest rates in the euro region will rise while U.S. rates descend are also boosting the allure of euro- denominated deposits. ``From an interest-rate perspective, it makes a lot of sense to start buying into the euro,'' said John Cholakis, a trader at Dai-Ichi Kangyo Bank. ``The dollar's weak across the board, and the problems in Japan are much worse than in the U.S.,'' leading to a weaker yen. The euro rose for a fourth straight day, to 104.34 yen, touching its highest level since March 27, from 102.87 yesterday. It rose for a third day against the dollar, to 92.60 U.S. cents, the highest since Aug. 1, from 91.66 yesterday, and then traded at 92.44. The 11-nation currency climbed 3.1 percent against both the dollar and yen this week... fxstreet.com

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