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To: yard_man who wrote (506)1/31/2003 1:09:50 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 1210
 
I think BoJapan is leading the way on dollar support

Euro back to $1.073 from a high around $1.085
but it was off that high yesterday

JYen down to 120 from steady 117-118 recently (yen/$)
so the dollar is rising against the yen in the last couple days
clear sign: BoJ at work (their economy is export driven)

a nice convenient Yahoo currency table:
finance.yahoo.com

Canadian looney is holding just fine at 65.7 cents

who was the most to lose in a dollar decline?
the Asians, whose economies are export driven
soon though, Europe will scream bloody murder
their economy cannot afford a rising currency shock
their deficits are growing
their unemployment is already ridiculously high
their deflationary pressures are strong, despite rising euro

/ jim