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To: goldsheet who wrote (40021)9/4/1999 10:29:00 AM
From: Terry Maloney  Read Replies (1) | Respond to of 116982
 
<Can anyone else access it ??>

Not I ... here's the error message:

Sorry, but we can't find the document you requested

This could be the result of an expired query, an old link, or incorrect HTML. If you believe you have reached this page in
error, please email us at webmaster@siliconinvestor.com. Please indicate the URL of the page you were requesting as well as any other related information.

Terry



To: goldsheet who wrote (40021)9/4/1999 11:09:00 AM
From: Alex  Respond to of 116982
 
I get the same message as Terry - no go....................

ECB Will Ignore `Excessive, Short-Term' Currency Swings, Duisenberg Says
By Molly Schuetz and Edward Roussel

ECB Will `Ignore Excessive' Currency Movements, Duisenberg Says

Cernobbio, Italy, Sept. 4 (Bloomberg) -- The European
Central Bank will ignore ``short-term' and ``excessive'
movements in the euro's value, ECB President Wim Duisenberg said.

The ECB will ``stand above day-to-day pressures' and will
``ignore short-term market developments if they are deemed to be
excessive,' Duisenberg said at a conference in Cernobbio, Italy.

The euro fell as much as 13 percent against the dollar in
the first half of the year, raising concerns that rising import
prices would fuel inflation. Since reaching a record-low on July
12, the currency has recovered 4.5 percent.

The central bank has held back from intervening in currency
markets since the euro was introduced in January, arguing that
the currency's movements are having little impact on consumer
prices. Duisenberg has said that the currency's decline against
the dollar reflects the strength of the U.S. economy, rather than
any lack of confidence in the European currency.
``In the first few months of the euro's existence we have
indeed provided an internally stable currency,' Duisenberg said.
``The public perception of this accomplishment has often been
confused by too much attention on developments relating to the
euro's external value.'

quote.bloomberg.com