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Strategies & Market Trends : January Effect 2003
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To: RockyBalboa who wrote (578)6/20/2003 12:48:45 AM
From: Londo  Read Replies (1) of 666
 
I'm thinking that the EUR will get one last jolt down due to the rate differential impact (i.e. less differential = weaker Euro), but this will quickly go away after the day of the rate drop and the EUR should climb. I still think 1.25-1.30 is in the cards by the end of this year. There just hasn't been enough panic demonstrated by the US media to really care about a depreciating currency yet.

Fed Funds trading at 99.135 on A/C/E. GLOBEX is down!
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