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Strategies & Market Trends : Currencies and the Global Capital Markets
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To: Thomas M. who wrote (2745)12/27/2000 11:08:59 PM
From: Hawkmoon  Read Replies (1) of 3536
 
The fact is that the ECB has talked the Euro down virtually since its inception.

Hmmm.... they must have been doing that "talking down" in every language but English.

I only have recollections of failed intervention after failed intervention, and the ECB trying to prop it up psychologically from the first day it started to drop after inception.

And I have to ask myself why, with the entire future unity of the EEC at risk, they would make any public statement about some secret desire for the Euro to decline 30% against the USD.

Now with the Japanese such bad mouthing of their own currency is definitely due to their desire to manipulate their currency downward.

Regards,

Ron
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