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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Henry Volquardsen who wrote (1602)	5/20/1999 11:29:00 AM
From: X Y Zebra	of 3536

biz.yahoo.com ......"Worries about the currency peg surfaced last week when the government said it would not implement $280 million of cuts in the education budget as part of $1.0 billion in spending cuts agreed with the International Monetary Fund. ''There is a sort of contagion going round the world again. We are becoming bearish in the short term,'' said one emerging markets currency trader, who noted that forward rates on the peso had risen on Wednesday, but had now come back in. Economic fundamentals in Argentina are now worrying the market and the government is in an election year......" (more)

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