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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Louis V. Lambrecht who wrote (11326)	5/21/2003 7:19:44 PM
From: russwinter	Read Replies (1) of 39344

The Eurodollar of course represents a chunk of the USD slopping around the world, that finds it's way into banks. In places like Japan or India they are still called Eurodollars I believe. Here's a definition: marketvolume.com So it's on interest paid by foreign banks on USD CD deposits. Actually today the Sept, 03 Eurodollar fell from 98.97 to 98.89, or inversely the yield went from 1.03% to 1.11%. Maybe we will see some linkage as the USD basket was up 0.28 to 93.68. Something to keep an eye on, as foreigners may require a higher return than 1.1% to hold depreciating dollars? mrci.com

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