Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: elmatador who wrote (50901)	6/12/2004 1:53:23 PM
From: Haim R. Branisteanu	Read Replies (1) of 74559

sorry but did not sort out your logic - IMHO the UDX rose because of unwinding of carry trades which are scared of a higher than 0.25% interest rates hike on June 30. In the short term - carry trades which trigger stop losses have much stronger influence on the USD than economic news. Slowly EZ is looking better than the US - EZ factory orders rising in US falling

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