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Strategies & Market Trends : Win Lose or Draw : Be A Steve, Make A Call

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To: t2 who wrote (11147)5/6/2003 4:03:46 PM
From: Softechie   of 11447
 
Dollar plunges following Fed, bonds rally
Dollar getting just creamed in here versus just about everything under the sun. EUR rallying over a full figure to 1.1416, through 1.1360 intraday resistance. No need for dollar shorts to cover in here obviously, with the potential for further interest rate differential down the road. The 10-yr has rallied to +21/32 from -3/32 since the Fed announcement.
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