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To: Haim R. Branisteanu who wrote (76451)	6/23/2003 5:16:56 AM
From: At_The_Ask	Read Replies (1) \| Respond to of 209892

I think that from a supply and demand point of view it would have quite an effect. Think about the total volume of all the worlds oil transactions. If you want to buy oil from opec you need dollars. If that would change then a lot less dollars would be needed.

To: Haim R. Branisteanu who wrote (76451)	6/23/2003 8:10:34 AM
From: Louis V. Lambrecht	Read Replies (1) \| Respond to of 209892

Haim - got another hint: part of last week strenghtening of the Dollar is in response to the selloff of the treasuries (lower price/higher yields). So, speculation would give the odds to a 25bp rate cut? Got some resistamce on the Dollar (Sep fute) 96.33 near the 38.2 retracement, but not on the Euro chart where all supports look weak. Good time for the central banks and the hedge funds to diversify into some Euro at the cheap.<g>