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

To: Jim Willie CB who wrote (9155)	3/2/2004 12:17:26 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 110194

Jim, it is manipulation by those currency traders you mention they have the money to do it with a wink from the respective governments. Does it not seems odd that only after Schroeder visited Bush with hat in hand the EUR drops from 1.27 to 1.22 on no real economic news to justify it? After all retail sales in Germany rose and the new order component in the PMI fell. In a bullish move / sentiment this would justify a 200 pip fall in the USD now all of a sudden they concentrate on the employment in the PMI which represents a small part of the US economy. The key IMHO is the unpublished PPI and therefore the US got 2 birds in one shot - pleasing the Germans and after the PPI will come out they will spin it as old news