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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: edamo who wrote (95845)4/18/2001 5:56:58 PM
From: $Mogul  Read Replies (1) of 436258
 
The euro has gained vs. the dollar since the Fed's rate cut, reversing earlier losses that pushed the single currency to $0.8699, its lowest level vs. the dollar since November. The euro currently trades around $0.8864. The U.S. dollar index is down about 0.5% after gaining the past two sessions and five of the last six sessions.

Oh i disagree.... equities are not and have not been priced for a recession, and nothing has been revised.... rate cut means nothing ..look at Japan.... it delays the inevitable.
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