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Strategies & Market Trends : Waiting for the big Kahuna
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To: William H Huebl who wrote (69669)8/2/2004 11:17:17 AM
From: Real Man  Read Replies (2) of 94695
 
Well, I think it may still stay around 90, and even overshoot
to the upside, to suck in some impatient folks. The currency
market volume is $ trillions daily, so it can't really be
manipulated. It looks like foreign CB purchases of US
treasuries (mainly by Japan) have gone down recently, a lot.
Moreover, treasury auction sucking wind, so the Fed is forced
to monetarize. Not good for the dollar.
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