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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (43441)	12/16/2003 4:50:40 PM
From: elmatador	Read Replies (1) \| Respond to of 74559

Yiwu, ask your Chinese bosses for a rise: >>"The dollar's short-term direction will be determined more by changes in the financing flows than movements in the current account itself. And we think those flows will remain inadequate in the long term, keeping downward pressure on the dollar," he said.>> The bottom will happen only when the deficit decreases and there's inflationary pressure in the US. <<Consumer prices fell 0.1 per cent in November, or 0.2 per cent exclusive of food and energy prices, missing expectations for a 0.1 per cent increase. As the pressure on inflation remained light, expectations for US interest rate hikes were low and gave traders few reasons to become dollar buyers.<< There's way to go down. news.ft.com