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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Lee who wrote (3473)	7/16/2002 10:31:14 AM
From: Robert Douglas	of 3536

I guess we could! The yen isn't very far away from that - well at least closer than the euro. I don't really know what fair value is for the yen, but 110 might be a good level for the euro. I haven't been one to worry about the decline in the dollar, but I do get a bit concerned about the tendency for currencies to "overshoot." In my 17 years of trading them, they have almost always gone too far. This decline in the dollar will probably be no different.

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