Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (42369)	1/23/2003 11:56:56 AM
From: F Robert Simms	Respond to of 52237

Thanks:)

To: Jorj X Mckie who wrote (42369)	1/23/2003 1:59:13 PM
From: mishedlo	Respond to of 52237

From Russia with Love story.news.yahoo.com. "Adding insult to injury to the dollar is news that the Russian central bank will increase its non-dollar reserves," said Marc Chandler, chief currency strategist with HSBC in New York. "Will other central banks follow and what does this do to the ability of the U.S. to finance its current account deficit?" Mr. Chandler asked. That deficit is currently around 5.0% of gross domestic product and proving to be an increasingly heavy millstone around the dollar's neck. The Russian central bank plans to reduce the share of U.S. dollars in its foreign exchange reserves and increase the share of other currencies, the bank's first deputy chairman, Oleg Vyugin, said Thursday, Prime-Tass news agency reported. Mr. Vyugin said the dollar currently makes up more than 50% of reserves. The central bank's foreign exchange and gold reserves were $47.9 billion as of Jan. 10. The bank didn't mention any specific currency it would like to diversify into.