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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?

To: nspolar who wrote (5499)	4/29/2004 9:59:29 PM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 60902

grub 5500 :o) and yest Heinz's otehr pt ... now everyone is long the dollar.. who had that lifeboat analogy... we keep running from side to side...

To: nspolar who wrote (5499)	4/29/2004 10:02:56 PM
From: ldo79	Read Replies (1) \| Respond to of 60902

This article says $USD positive: Friday April 30, 2:59 AM FOREX VIEW: China Weighing On Commodity Currencies By Jamie McGeever A Dow Jones Newswires Column NEW YORK (Dow Jones)--The prospect of a slower-growing Chinese economy is casting a shadow over commodity currencies, which should provide some near-term support for the dollar. News this week that Beijing is urging local banks to curb lending is being interpreted as a sign China is taking steps to cool its overheating economy, which grew at a whopping annual rate of 9.7% in the first quarter. The news comes amid mounting speculation that U.S. interest rates will soon rise. China's insatiable demand for imported raw materials is a major reason why the currencies of commodity-exporting countries like Australia, Canada and South Africa have skyrocketed over the last few years to multi-year highs. Some analysts said the state-controlled media reports that Chinese authorities will restrict bank lending before a week-long holiday begins on May 1 suggests a hike in interest rates may be in the offing. Tighter credit is needed to stem speculative investment that threatens to overheat the mainland economy. Should China's economic expansion slow to a hurtling annual rate of say 5% or 6% from that break-neck 9.7%, demand for these currencies won't be quite so strong. Indeed, many observers say a considerable component of their recent strength has been down to speculative buying. Amid an environment of global monetary policy tightening, that speculative bubble, and the bubbles inflating other commodity prices like base metals, could be about to deflate. more at: sg.biz.yahoo.com