Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: sea_urchin who wrote (21776)	10/28/2004 10:17:55 PM
From: sea_urchin	Read Replies (1) of 81034

> Next week, they can threaten to raise interest rates a bit more quote.bloomberg.com >>The two currencies [NZD and AUD] fell in the minutes after the People's Bank of China said its one-year lending rate will increase by 0.27 percentage point to 5.58 percent. Along with the Canadian dollar and South African rand, they later erased losses on speculation China's economy won't slow so much that demand for commodity exports will stall. ``A 27 basis-point move in China's interest rate won't slow the economy,'' said Niels Christensen, a currency strategist in Paris at Societe Generale SA. ``We'd have to see much more for commodity prices and currencies to move lower and stay lower.''

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