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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Techplayer who wrote (33400)	3/20/2003 7:28:27 AM
From: Techplayer	Respond to of 57110

contrary dollar comments: 7:17am 03/20/03 Dollar transitioning to recovery phase: Morgan Stanley By Tomi Kilgore Morgan Stanley foreign exchange analyst Toru Umemoto believes the U.S. dollar is transitioning from a "weak" phase to a post-war "recovery" phase, as long as the war with Iraq does not last much longer than expected. "I think if the war finishes within a few weeks, afterwards, the dollar could rise to $0.95 against the euro and 130 against the yen in the coming few months," Umemoto said in a note to clients. The dollar is currently down 0.5 percent versus the euro at $1.0616 and down 0.4 percent versus the yen at 120.08. 7:08am 03/20/03 Euro-dollar in tight range, dollar bulls sidelined By Emily Church The euro held onto to moderate gains vs. the dollar on Thursday, moving in a tight range from $1.0610-1.0620 in midday trade in London. "We've done our pro-active stuff in the market and now we're just reactive," said currency strategist Chris Furness of 4Cast in London, referring to the dollar rally as the uncertainty over the start of the strike on Iraq lifted this week. "Everyone wants to buy dollars, but we want to have a reason to buy dollars," he said. oil this morning: 7:07am 03/20/03 Crude futures bounce off 3-mo. low By Tomi Kilgore Crude futures remain weak, but well above lows seen in overnight trading. May crude futures are down 43 cents at $28.93, but were down as much as $1.66 at a 3-month low of $27.70.