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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Thomas M. who wrote (2712)	12/27/2000 1:15:09 AM
From: Hawkmoon	Read Replies (1) of 3536

Of course Europe is fine. I guess that explains why the Euro is down against the US dollar so substantially since its inception. The fact is the ECB required all three of the major central banks, working in concert, to defend the currency... as they did several months ago. The ECB doesn't even have sufficient reserves to defend the Euro against the private speculators who recognize the hollow threat it poses when not accompanied by other CBs. Hardly convincing evidence of a Europe that is "fine". Regards, Ron

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