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

To: mishedlo who wrote (5549)	1/20/2004 12:06:14 PM
From: Louis V. Lambrecht	Read Replies (2) \| Respond to of 110194

I certainly need to etup some tools. Euro cut? Next rate decision from BOE and ECB kust before the Boca Raton G-7 meeting. Yesterday Euroystem finance ministers met to discuss a common position. Ministers signal rise of euro must end By George Parker and Daniel Dombey in Brussels and Jennifer Hughes in London Published: January 20 2004 4:00 \| Last Updated: January 20 2004 4:00 European finance ministers on Monday expressed their fears about the euro's sharp long-term rise against the dollar, in a signal that they feel the single currency has climbed far enough. A meeting of the 12 eurozone ministers agreed a statement in Brussels which, significantly, failed to give the usual endorsement to a "strong and stable euro". Instead it said: "We particularly stress stability and we are concerned about excessive exchange rate moves. We will continue to monitor the situation closely and conduct policies supporting economic recovery in a stable macro-economic environment." After the meeting Charlie McCreevy, Irish chairman of the eurogroup, refused to say whether ministers had discussed possible intervention in the markets to halt the euro's rise. news.ft.com I keep thinking that an interest cut before the G-7 would be one argument less in the dicussion. Now, darn Euro up 220 ticks: is this the sell the rumor, buy the news classical? If Euro keeps rising into the meeting, rate cut would have more probability? Before or after the meeting?