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To: Baton who wrote (32027)12/1/2006 10:59:30 AM
From: Bucky Katt  Respond to of 48461
 
Especially if your short the buck and long the €uro, or anything else. I've been milking that one for some time.
It's like the rats, play the same tune again & again.




To: Baton who wrote (32027)12/1/2006 12:12:40 PM
From: YourKing  Respond to of 48461
 
DIA gap closed this morning. Let see what happens with the DOW....



To: Baton who wrote (32027)1/2/2007 4:23:47 PM
From: Bucky Katt  Respond to of 48461
 
The dollar declined to its weakest in three weeks against the euro on speculation the Federal Reserve will reduce interest rates this year while European Central Bank policy makers increase their benchmark.

The dollar slid against all 16 of the most actively traded currencies before a report tomorrow that may show manufacturing growth stagnated in the world's largest economy. The Fed has held borrowing costs steady since June after a two-year campaign of raising them. ECB council member Erkki Liikanen suggested in an interview broadcast today that rates will rise in Europe.

``It gives further credence to the idea the we will see further interest rate hikes from the ECB,'' said Matthew Strauss, a currency strategist at RBC Capital Markets in Toronto. ``The momentum we've seen late last year in the euro is starting to carry into 2007.''

The U.S. currency fell to $1.3279 versus the euro at 4:08 p.m. in New York, from $1.3201 yesterday, its biggest daily drop since Dec. 19. It earlier touched $1.3297, the weakest since Dec. 8. The U.S. currency fell to 118.78 yen from 119.05.

The dollar fell 10.2 percent against the euro last year.