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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (239673)	5/8/2003 3:03:18 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 436258

patron the EUR rose by 1.2% in one day - this is more like a top blow off. (after rising 7% in less than an month and 25% in a year) The EUR level v. the USD is similar to the levels of 1992, 1994 and above most/all of 1997 to 1998 (were it was around 1.10) Only the overly bullish expectation of establishing the EUR currency drove it higher to around 1.2. But at that time German interest rates were 6%+ with almost no budget deficits, now they have close to 4% of GDP budget deficits It remind me of the GOGO days when the NAZ was 5000