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

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To: Haim R. Branisteanu who wrote (7543)2/10/2004 11:26:06 AM
From: Jim Willie CB  Read Replies (1) of 110194
 
Dollar will 'continue its fall into summer'
by Edmund Conway (Filed: 10/02/2004)

The dollar dropped to a new 11-year low against the pound yesterday as investors abandoned hope that the Group of Seven policymakers would try to arrest its decline in coming months.

The greenback dropped a cent to $1.8572 against sterling - its lowest level since before Black Wednesday when Britain was forced out of the exchange rate mechanism.

The dollar also remained close to an all-time low against the euro yesterday, standing at $1.2679.

money.telegraph.co.uk

/ jim
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