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Non-Tech : Invest / LTD

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To: Lucretius who wrote (6668)1/18/1999 9:29:00 AM
From: SJS  Read Replies (1) of 14427
 
LT...Since you've been forcasting the drop in the dollar...
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DOLLAR'S WEAKNESS LEVELS RAISE CONCERNS

NEW YORK (CBS.MW) -- If you want to get an idea of how the Treasury market is performing these days, just glance at dollar quotes. Tuesday, the Bank of Japan's intervention to prop up the faltering greenback brought out Treasury buyers. That wasn't the case in recent weeks. In fact, the greenback has been falling like a stone against the yen, reaching 28-month lows Monday, accentuating concerns among market players that Japanese investors will stampede out of dollar-denominated assets. It's an issue that has put Treasurys under the gun in the past month, and it's one that strategists say isn't about to dissipate quickly.

cbs.marketwatch.com
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