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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: gregor_us who wrote (1070)	3/3/2004 6:05:47 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 116555

believe what you like. if the NZD stays above 70 and AUD above 80, they will lower their cash rates. a 1% drop in cash rate should be good enough to chop a dime off each currency, imo.

To: gregor_us who wrote (1070)	3/3/2004 6:14:15 AM
From: Wyätt Gwyön	Respond to of 116555

Show me how "easy" it was! "The Australian dollar tumbled nearly two percent at one stage to hit a two-month low of $0.7485, after Australia left interest rates steady at 5.25 percent." they did nothing when the specs were hoping for another rate hike, and the currency was dumped yet again--VERY HARD. even easier than i said. story.news.yahoo.com i think the point to be realized here is that the short dollar/long everything else trade is extremely overcrowded. economic fundamentals aside, at these tipping points, CBs can inflict enormous damage on speculators by a little body English.