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To: TobagoJack who wrote (248811)	7/8/2003 9:48:32 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 436258

Well rumors rumors. One thing is for sure US trade deficit is not going away so soon, and the EZ Finance ministers requested over the weekend from Far East Banks to remove the burden of USD devaluation from the EUR ....... e.g. adjust pegs and BOJ stop buying EUR's and sell Yen to stabilize the currency. Therefore the EUR had a 240+ drop from July 3, to this morning. Interestingly contrary to the US labor markets Germany unemployment fell by 33K. In the US unemployment went up. Unemployment (Household Survey Data) The number of unemployed persons increased by 360,000 in June to 9.4 million, and the unemployment rate rose from 6.1 to 6.4 percent. Since March, unemployment has increased by 913,000. bls.gov; In Germany unemployment fell German June Unemployment Falls; Second Monthly Drop (Update5) July 8 (Bloomberg) -- German unemployment fell for a second month in June, suggesting Europe's largest economy may emerge from a slump later this year as consumer confidence recovers. The number of people out of work declined by a seasonally adjusted 33,000 from May to 4.41 million, the biggest drop in three years, the Federal Labor Office said in Nuremberg. The unemployment rate fell to 10.6 percent from 10.7 percent. ``We're sticking with our strategy to keep skilled workers even in difficult times and hiring on a case-by-case basis as opportunities arise,'' said Hubert Forster, chief financial officer of Muehlbauer Holding AG & Co. in Bavaria, a maker of machines for the electronics industry. ``It's too early to sound the all-clear: orders are still being delayed.''