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Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (377)	6/28/2001 7:13:23 PM
From: craig crawford	Read Replies (1) \| Respond to of 1643

US FX Review: Dollar soars as euro falls; yen near 125.00 news.ino.com By Jim Cote Chicago, June 28 (BridgeNews) - The euro fell as investors bailed before the conclusion of the year's midpoint. Traders characterized euro sales during the worst session since the March 15 as "relentless." Stops, arbitrage, spreads and most types of trade and traders were spotted as the euro sank. The U.S. dollar index climbed close to a 15-year high. Yen narrowly avoided a knock-out option at 125.00. "The buck is back," said Robert Sinche, Head of Global Currency Strategy at Citibank/SSB FX, shortly before U.S. trading began. Other FX traders heartily agreed. "The U.S. is the only G7 monetary authority with any credibility on currency policy. It is backed by the only G7 central bank who is seen as providing the necessary monetary stimulus," said one major money center banker.