January Effect 2003 Message Board

STOCKTALK

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Strategies & Market Trends : January Effect 2003

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To: Londo who wrote (460)	5/11/2003 10:41:14 AM
From: RockyBalboa	Read Replies (1) of 666

The Strong Dollar or the New New New Thing Ugh, haven't we heard that early Dec? Then the dollar never looked back and lost 15%. I think, I know what happens next - the new targets are JPY/USD 100, JPY/EUR 150, CHF/USD 1.00. See below: ---------------> Reuters Snow Says U.S. Committed to Strong Dollar Sunday May 11, 9:29 am ET WASHINGTON (Reuters) - Treasury Secretary John Snow said on Sunday the United States was committed to a strong dollar and President Bush's tax package was key to strengthening it. Appearing on the "Fox News Sunday" program to press the president's case for a tax cut package of at least $550 billion, Snow said, "We believe in a strong dollar." He said the value of the dollar would be set by competitive markets. "The important thing to keep in mind is that the dollar's value gets set in competitive exchange rates. There is a market for the dollar," Snow said. "And the best thing we can do to have a strong dollar is to see that the fundamentals of the American economy are strong. And that's why we come back to the president's jobs and growth plan."

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