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To: UnBelievable who wrote (3758)	7/14/2000 9:14:47 AM
From: UnBelievable	Respond to of 436258

As Long We Print More Money The Market Will Go Up We Will Print More Money As Long As The Rest of The World Lets Us DJ N.Y. Early: Dollar Up A Touch On Strong Retail Sales NEW YORK (Dow Jones)--The dollar gained slightly against other major currencies after the release Friday of June retail sales and producer price data which provided more evidence of a slow landing for the U.S. economy. Movements were small and the currencies had already been holding to very narrow ranges before the release of the figures at 8.30 a.m. EDT (1230 GMT). Retail sales came in stronger than expected, while the core producer price index was weaker than anticipated. Retail sales had been expected to continue to moderate despite some upward pressure on rising oil prices. The 0.5% rise posted for June, however, exceeded market expectations 0.3% and raises the likelihood of a Federal Reserve interest rate hike in August. The rise is somewhat offset by a weaker-than-expected uptick in the core PPI for June. Core PPI fell 0.1% compared with a forecast of a 0.1% rise. Around 9 a.m. EDT (1300 GMT), the dollar is buying Y108.13 compared with Y107.95 earlier in London and Y108.25 late Thursday in New York. The euro is buying $0.9322 compared with $0.9355 earlier in London and $0.9373 late Thursday in New York. 07/14/2000 Dow Jones News Services (Copyright © 2000 Dow Jones & Company, Inc.)