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

To: mishedlo who wrote (16267)	11/18/2004 10:42:44 PM
From: RealMuLan	Read Replies (1) \| Respond to of 116555

"John Hazelton, director of foreign exchange, PNC Bank, Pittsburgh. Traders said the euro earlier touched record highs on speculation that Russia was altering its foreign exchange regime to give greater weight to the euro. Russia’s central bank later said the euro will play a greater role than the dollar in its foreign exchange targeting as trade volumes with Europe had increased. Against the Swiss franc, the dollar climbed 1 per cent to 1.1733 francs. Sterling, meanwhile, fell to $1.8483. The US dollar rose more than 1 per cent against the Canadian dollar to C$1.2080. " indianexpress.com