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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (63988)	2/18/2001 9:34:03 PM
From: Rarebird	Read Replies (1) \| Respond to of 116764

I'll be watching the Currency Markets very closely on Monday and Tuesday after hearing this: By Gerard Baker and Ed Crooks The Financial Times February 18, 2001 Palermo, Italy -- World currency markets are set to test on Monday the most emphatic attempt yet by Paul O'Neill, the new U.S. treasury secretary, to demonstrate the Bush administration's commitment to a strong dollar. Mr. O'Neill used the opportunity of the weekend's meeting of finance ministers and central bank governors of the Group of Seven leading industrialised nations to try to kill any remaining suspicion that he might not be a wholehearted defender of the U.S. currency. The dollar fell sharply against the euro on Friday after an interview with the new treasury chief in Frankfurter Allgemeine Zeitung, the German daily, was interpreted by traders as indicating his lack of enthusiasm for a strong commitment to the U.S. currency. But a clearly irritated Mr. O'Neill told reporters on Saturday that he stood firmly in support of a strong dollar. "If I decide to change, I will hire Yankee Stadium together with marching bands and announce it," he said. "Until you hear the bands striking up, you should know the policy has not changed." PS Are you surprised here? I'm not.