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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: mishedlo who wrote (6525)	1/30/2004 1:03:25 PM
From: Haim R. Branisteanu	Read Replies (1) of 110194

you asked me about lower rates in EZ - summary German retail sales lower Sales slipped 2.3 percent from November, when they fell a revised 3.4 percent, the Federal Statistics Office said in Wiesbaden. Economists had expected an increase of 0.5 percent, the median of 16 forecasts showed in a Bloomberg News survey. Sales declined 2.5 percent from the year-earlier period. quote.bloomberg.com; French unemployment higher by 11,000 (60,000 if in the US) Net result - EUR rallying over 100 pips from a low of 1.2365 to 1.2490 by 17:35 GMT This is monkey's logic or in other words plain manipulation "There is clearly a growing recovery (in the euro zone) at the moment," European Monetary Affairs Commissioner Pedro Solbes said on Friday. "The strong appreciation of the euro, if it continues, could undermine business confidence and reduce competitiveness," he said. "It is probable the recent strength in the euro could affect the growth of exports and economic activity will be boosted by a recovery in internal demand". reuters.com

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