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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: yard_man who wrote (244468)	6/8/2003 10:52:27 PM
From: Haim R. Branisteanu	Read Replies (2) of 436258

tipped do you recall my comment on FX volatility ? Well on June 5 in the early morning EUR bought around 1.160/80 USD, the day ECB lowered rates June 5 "because perception and speculation" the EUR bought 1.1880/60 USD same day late afternoon. Last Friday or a day later, around 5 PM same EUR bought only 1.17 USD and as I write this the EUR is buying the same amount of USD as on the early morning of June 5. My point? ......... a 30 hour gyration of over 2% with no real purpose or change in the economic situation ......... just speculation and wrong perception

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