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To: patron_anejo_por_favor who wrote (342832)	9/5/2007 10:02:25 PM
From: John Pitera	Read Replies (1) \| Respond to of 436258

I suspect it may be a big jar of honey!!!! hey these currency cross rates have been tight this past week, but are now probing the downside. The single best anedotal piece of evidence I can provide is how massively the NZD/USD has declined compared to the AUD/USD the past 2 weeks. The cross rate of the AUD/NAD had gone staight up. What we can discern is that that the spec investment community has really fled the New Zealand dollar relative to the Australian dollar. In the bigger picture the higest yield curencies such as the Icelandic Krona and the New Zealand Dollar have been the biggest spec (currency) trades the past year. John