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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?


To: pater tenebrarum who wrote (5287)6/8/2000 8:15:00 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 5676
 
Well Heinz, so much for your hopes from the Far East

Thursday June 8, 8:12 pm Eastern Time

Dollar rises modestly after Japan GDP data

0009 GMT -- Dollar modestly higher against yen after Japan's January-March gross domestic product data
results were weaker than market expectations.

-- Japan posted 2.4 percent quarter-on-quarter growth in the January-March period, or up an annualised
10.0 percent. It was lower than the median forecast of a 2.9 percent rise in a Reuters poll.

-- For the 1999/2000 fiscal year, Japan's GDP rose 0.5 percent in real terms, falling short of the
government's target of 0.6 percent.

-- Dollar now testing key 106.50 yen level after hitting 106.45 yen shorter after GDP's release. A clean
break above 106.50 yen would set a bullish tone for the dollar.

For the latest full forex report, click on [FRX/]

For previous updates on currency moves, click on [USD/-M]