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

To: Chispas who wrote (22207)	1/26/2005 8:40:20 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 116555

MARKET TALK: Dollar Falls On New G7 Speculation 1331 GMT [Dow Jones] The dollar is following up its Tuesday rally with a Wednesday selloff versus euro and yen, which comes on the back of stronger German Ifo report, drop in eurozone current account surplus, and a swing back toward speculation on China/G7 will offer some sort of progress, even if it's not a outright revaluation. The pound, meanwhile, has jumped higher on the back of BOE January minutes which are perceived to be hawkish. EUR/USD is at $1.3009 from $1.2974, USD/JPY at Y103.35 from Y104.13, USD/CHF at CHF1.1909 from CHF1.1939, and GBP/USD is at $1.8782 from $1.8640. (SDV) Contact us in New York. Darlene Ross, 201 938-2085; darlene.ross@dowjones.com (END) Dow Jones Newswires January 26, 2005 08:33 ET (13:33 GMT)