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To: X Y Zebra who wrote (53003)	5/20/2002 1:01:19 PM
From: X Y Zebra	Respond to of 208838

May 20, 7:00 AM: EUR/$..0.9216 $/JPY..125.48 GBP/$..1.4606 $/CHF..1.5766 Dollar Begins on a Weak Note as Sentiment Slides by Jes Black At 10:00:00 AM US April Leading Indicators (exp -0.3%, prev 0.1%) At 2:00:00 PM US April Fed Budget (exp 82.3 bln, prev 64.24 bln) Dealers showed little interest in taking profits from last Friday's fall in the dollar, an indication that waning sentiment continues to undermine the mighty greenback. On Sunday, VP Cheney said on NBC's Meet the Press that "Prospects of another attack on the US are almost certain. The possibility is just as real as it was on September 11. It's not a matter of if, but when." While these comments had no visible effect on the dollar, it should keep traders weary of backing the dollar. Moreover, if last week's gains on Wall Street prove temporary, the dollar will find it that much harder to rally. Key data for the market today is the April leading indicator, which is expected to fall 0.3% after a slim 0.1% rise last month. This could be taken as a reason to sell the dollar and or US equities given that any fall more than 0.3% would be the biggest setback since September 2001. forexnews.com