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

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To: RealMuLan who wrote (15120)	11/8/2004 10:55:37 AM
From: mishedlo	Read Replies (1) of 116555

Dollar improves against euro in wake of Trichet comment Monday, November 8, 2004 2:18:53 PM afxpress.com CHICAGO (AFX) -- The dollar was trading modestly higher against the euro in early U.S. trading, finding some footing after cautionary comments from European Central Bank President Jean-Claude Trichet. Trichet said following a meeting with central bankers in Basel that the euro's latest advance on the dollar was "brutal" and "not welcome." His remarks served as "verbal intervention," said analysts at Action Economics. The dollar improved from an all-time low of $1.2985 against the euro hit earlier Monday to trade around $1.2922, or up 0.3 percent from Friday's U.S. level. The dollar rose 0.1 percent to 105.65 Japanese yen ==================================================================== So much for the theory that said the EU welcomed a stronger Euro Mish

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