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.
Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?


To: 4rthofjuly007 who wrote (59956)11/19/2002 1:39:51 PM
From: ajtj99  Respond to of 209892
 
Wow, that's a huge spike in the USD. You usually only see those on weekends! I've found that site to be pretty accurate.

Maybe EU rates are going to be cut. That's a huge move, but it could explain the jump in stocks we saw.



To: 4rthofjuly007 who wrote (59956)11/19/2002 3:18:02 PM
From: BirdDog  Read Replies (1) | Respond to of 209892
 
....what may have prompted the move?

I apologize as I have failed to find an article I saw early last week saying Japan decided to prop up the dollar. Did anyone else see that article? I did find this... story.news.yahoo.com
And... story.news.yahoo.com
That could be your answer????

I did find this...but not the exact same article...
The dollar's latest fall prompted Japanese officials to step up warnings about intervention, as a stronger yen puts pressure on a frail Japanese recovery that is heavily reliant on exports.
story.news.yahoo.com

BirdDog