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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: oilbabe who wrote (2182)10/17/1999 12:22:00 PM
From: Defrocked  Respond to of 3536
 
While not ruling out joint intervention at
some point, IMHO such action this week would
be unwise and unlikely. The Fed and the ECB
would be, or at least should be, reticent to
intervene and thereby adding more volatility
into the current market dynamics. Moreover,
I believe the Euro is already moving in the
direction desired by the ECB; they'd much
rather see it in the 1.10 to 1.15 region than
the 1.00 to 1.05 "low rent" district. BWDIK.


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