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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Jerry Olson who wrote (33035)	3/25/2002 3:23:21 PM
From: Challo Jeregy	Read Replies (1) of 52237

Monday March 25, 2:02 pm Eastern Time Argentina peso plunges to new low, stocks rise BUENOS AIRES, Argentina, March 25 (Reuters) - The Argentine peso tumbled to a fresh record low on Monday afternoon on panic selling, despite the Central Bank's attempts to stop the currency's plunge, and stocks rose as investors sought a safe haven from the falling peso, traders said. The Central Bank in the middle of the afternoon ordered financial institutions to immediately sell dollars in excess of the 5 percent net worth limit for dollar holdings set by the Central Bank. ``There is barely any trade, very little volume, everything is very small,'' one currency trader said. ``Exporters are waiting to see what happens and importers are paying their commitments despite these prices.'' biz.yahoo.com

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