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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Lucretius who wrote (240176)5/12/2003 10:08:45 AM
From: zonder  Read Replies (2) of 436258
 
9:55AM Smith Barney sees 'clear benefits' of weaker dollar by Tomi Kilgore
Smith Barney strategist Tobias Levkovich said a weaker dollar has some "clear benefits" for stocks, as it should improve the competitive position and result in better earnings for large capitilized companies and for companies from a number of industries. He added that it could help ease deflation fears. The dollar is currently down 0.9 percent versus the euro at $1.1585 and 0.5 percent lighter against the yen at 116.67. Earlier in the session, the buck hit a fresh four-year low versus the euro at around $1.1626.
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