Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (4461)	1/6/2004 9:35:52 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 110194

Testing a Barrier The euro also rose after a German economic institute said a euro advance to $1.30 would be ``difficult'' for German exporters. Silke Tober, an economist at the Berlin-based DIW institute, said the European Central Bank should lower its benchmark rate by a percentage point from 2 percent currently should the euro rise to between $1.30 and $1.35. ``The more European officials and business leaders comment about key levels such as $1.30, the more interested the market is in testing to see what happens if those levels are breached,'' said Greg Anderson, senior foreign exchange strategist at ABN Amro Inc. in Chicago. Atlanta Federal Reserve President Jack Guynn yesterday suggested the central bank won't raise interest rates from a four- decade low soon. The economy may grow 4 percent this year and there is little sign of a ``significant'' increase in inflation that would lead to higher rates, Guynn told the Rotary Club of Atlanta. Fed Governor Ben S. Bernanke said on Sunday rates can stay low because prices aren't rising quickly and the labor market remains weak. (from Bloomberg)