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.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (522164)	1/10/2004 3:54:58 PM
From: Jagfan	Read Replies (1) \| Respond to of 769670

Tell that to the people who lost houses because it was against the law to clear the brush due to a friggin rat that is listed as endangered.

To: Kenneth E. Phillipps who wrote (522164)	3/28/2005 11:10:17 PM
From: Hope Praytochange	Respond to of 769670

kennyboy: how was your forecast on the arabs changing their holding US$ to EURO ??? Dollar Strikes Fresh 5 - Month High Vs Yen By REUTERS Filed at 10:41 p.m. ET TOKYO (Reuters) - The dollar climbed to a fresh five-month high against the yen on Tuesday on expectations that this week's U.S. jobs data would support the case for more aggressive rises in interest rates. The U.S. currency rose to 107.38 yen according to electronic trading system EBS, its highest level since late October, helped also by last minute buying by Japanese importers ahead of the fiscal year-end on Thursday. ``When the key interest rate of a major currency is expected to reach 4 or 4.25 percent by the end of December, it's easy to buy,'' said Mitsuru Sahara, senior vice president of the forex dealing group at UFJ Bank. ``This isn't the Russian rouble or the Polish zloty we're talking about. It's about the interest rate of the dollar.'' Most market players expect the Federal Reserve to keep raising the benchmark federal funds rate, with some forecasting a rise to around 4 percent by the end of 2005, from the current 2.75 percent. The dollar has rallied in the past week after the Fed suggested in its post-meeting statement that it might raise rates more aggressively if inflation heats up.107.10 yen, compared with 107.17 in late U.S. trade. The euro traded at $1.2940, up from $1.2897 in late New York trade and off a six-week low of $1.2857 hit on Monday. It fetched 138.55 yen versus 138.22 yen. Traders said the euro was supported on buying against the yen by short-term dealers. Sterling and the Swiss franc which also fell to six-week lows against the dollar the previous day, tracked the euro's rise and also recovered some of their losses. Core U.S. consumer prices, released a day after the Fed meeting, showed a rise at the fastest year-on-year pace since 2002 and added fuel to expectations that the Fed could raise rates faster than the current ``measured'' pace. Dealers say the main focus of the market was the U.S. payrolls report due on Friday. Data is expected to show that 220,000 new jobs were created in March, down from 262,000 in February, which was the biggest gain in four months. HIGHER DOLLAR? Chart followers said the dollar was approaching crucial technical levels against the yen, after successfully breaking resistance at 106.86 yen on Monday. A downtrend line drawn from a peak of 135.20 yen, hit in January 2002, lies in the mid 107 yen-level and a break above that level could signal an end to the three-year decline of the dollar, they said. ``I may have to change my view on the dollar if it rises above 108 yen,'' said a senior trader at a U.S. bank. A growing number of Tokyo traders see the dollar climbing higher in the likely absence of selling by Japanese exporters, who are seen to have hedged most of their expected overseas profits for the coming three to six months. ``Most major exporters have already hedged for the period to end-September,'' said Yoshiyasu Naruse, head of corporate forex sales at HSBC. ``So I don't expect them to weigh on the dollar/yen for the next few months.''