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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (80526)	7/19/2001 1:44:02 PM
From: $Mogul	Respond to of 99985

The U.S. dollar index has rebounded modestly today after posting its biggest percentage decline since early-April on Wednesday after President Bush said a strong dollar has "benefits and problems" for the U.S. The dollar index, a measure of the currency's value compared to six other major currencies, fell 1.3% on Wednesday but has rebounded by about 0.2% so far today after falling to a two-month low earlier in the session. The National Association of Manufacturers, the American Farm Bureau Federation and the AFL-CIO continue to urge the Bush administration to address the "overvaluation" of the dollar, leading to speculation that the U.S. strong-dollar policy may be softened. But officials from the Treasury and White House have said the dollar policy has not changed.