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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (47270)	3/11/2004 8:56:58 PM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

<<Why Jay stopped worrying and started loving the USD? Because he senses capital flight out of China and out of Asia in general.>> No, I love the USD because I do not like it! Nothing more. I sense that everyone and his dog is on one side of the boat, and a rogue wave ... well, you know the rest ... One either loses one way quote.bloomberg.com <<National Australia Fires Eight Traders and Executives (Update1) March 12 (Bloomberg) -- National Australia Bank Ltd., the nation's largest lender, fired five traders and three senior executives after foreign-exchange options trading caused a net A$252 million ($186 million) loss. ... The losses, which led to the resignations of Chief Executive Frank Cicutto and Chairman Charles Allen last month, came after four traders wrongly bet the U.S. dollar would gain in value against the Australian and New Zealand currencies in the fourth quarter of 2003 ...>> ... or another quote.bloomberg.com Euro Falls After Three Banks Cut Forecast for Region's Currency March 12 (Bloomberg) -- The euro declined in Asia after Goldman Sachs Group Inc., Morgan Stanley and ABN Amro Holding NV said they lowered forecasts for the common currency against the dollar amid signs Europe's economy is barely growing. The three banks, which together account for about 13 percent of the $1.2 trillion-a-day global currency market according to Euromoney magazine, said the euro will be worth less in June than they previously predicted. Goldman also trimmed its estimate of the euro's value versus the yen. ... DO NOT FIGHT THE FORCE !