Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: gregor_us who wrote (3196)	3/31/2004 10:14:42 AM
From: mishedlo	Read Replies (2) of 116555

Dollar Falls,Greenspan Heart Attack Rumor Wed Mar 31, 2004 09:56 AM ET reuters.com NEW YORK (Reuters) - The dollar weakened broadly on Wednesday after rumors that Federal Reserve Chairman Alan Greenspan had suffered a heart attack roiled the markets, traders said. The Fed declined to comment on the rumors. The euro (EUR=: Quote, Profile, Research) rose to a session high just above $1.23, a gain of more than 1 percent, according to Reuters data. The dollar fell over 1 percent against the Swiss franc (CHF=: Quote, Profile, Research) to 1.2671 francs. "The dollar is selling off across the board on fears that Greenspan may no longer be at the helm," said Jeremy Fand, senior proprietary trader with WestLB in New York.

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