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To: Crimson Ghost who wrote (106666)6/5/2001 2:51:13 PM
From: pater tenebrarum  Respond to of 436258
 
an interesting point here is that specs have finally gone net short the Euro...at precisely the wrong moment it seems. it's a VERY lopsidedly positioned market...with a consensus expectation of the Euro being destined to head for 75 cents, which reminds me about everybody having been SURE that the Yen would hit 160 in '98. :)



To: Crimson Ghost who wrote (106666)6/5/2001 6:36:42 PM
From: B.REVERE  Respond to of 436258
 
ECB meeting tomorrow and Thursday. Intervention scare tactics will keep the zero firm and we'll see who blinks first.

Later,


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