SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?


To: Box-By-The-Riviera™ who wrote (119544)9/4/2001 11:36:33 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 436258
 
bloomberg.com


Dollar Skepticism

Strength in the dollar may not last, some investors said. While the
U.S. manufacturing index improved, a reading below 50 signals
business is shrinking. The index hasn't been above that point since
July 2000.

Investors are also focusing on a report due Friday, which is
expected to show U.S. August unemployment climbed to 4.6
percent, the highest since March 1998, according to a Bloomberg
News survey. The number of unemployed probably rose as
manufacturers idled plants and other businesses reduced their
workforce to preserve profits.

``Yesterday's (NAPM) figures were good, but if the next ones, such
as the unemployment data, worsen, then the sentiment will
completely change again,'' said Susumu Kanazawa, head of
treasury trading at Bank of Tokyo-Mitsubishi Ltd. in Hong Kong.