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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (8950)	6/14/2008 6:31:42 PM
From: Giordano Bruno	Respond to of 71402

Sorry, too much spin for this kid. Even their ideas are dirty.

To: RockyBalboa who wrote (8950)	6/15/2008 8:08:16 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 71402

Europeans want to prop up the yen.... UPDATE: France Fin Min: Would Be Good If JPY Rises Vs EUR Sun, Jun 15 2008, 11:24 GMT djnewswires.com UPDATE: France Fin Min: Would Be Good If JPY Rises Vs EUR (Adds comment from Lagarde on undervalued yen.) JEJU, South Korea -(Dow Jones)- It would be very good if the yen could appreciate against the euro, French finance minister Christine Lagarde said Sunday. She made the comment after coming out of a bilateral meeting here with Japanese finance minister Fukushiro Nukaga. She said that she told Nukaga that wine produced in the French region of Burgundy, for example, would be much cheaper if the yen were higher against the euro. European governments in recent months have been waxing particularly concerned about the strength of the euro against many other currencies because they fear it is overly damaging European international competitiveness. Earlier in the day, Lagarde said "I believe that the yen is particularly undervalued." Lagarde was in Jeju to attend a gathering of Asian and European ministers. -By Gabriele Parussini, Dow Jones Newswires; (8180) 2051 3011, gabriele.parussini@dowjones.com. (END) Dow Jones Newswires June 15, 2008 07:24 ET (11:24 GMT)

To: RockyBalboa who wrote (8950)	6/15/2008 9:00:10 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 71402

The Korean guy is has a better idea: UPDATE: Korea Fin Min Says Manipulating FX Rate Undesirable Sun, Jun 15 2008, 10:08 GMT djnewswires.com UPDATE: Korea Fin Min Says Manipulating FX Rate Undesirable (Adds background.) JEJU, South Korea -(Dow Jones)- South Korea's finance minister Kang Man-soo said Sunday that it's "undesirable" to manipulate the foreign exchange rate. The minister said the foreign exchange rate should be determined by market forces, and any government intervention isn't desirable, according to the official, who declined to be named. However, the minister earlier conceded that the recent depreciation of the local currency is helping to push up inflation. The comment follows a series of suspected government intervention on the foreign exchange market to boost the won in an apparent attempt to curb runaway inflation. On Tuesday alone, local traders said that the South Korean authorities were suspected of selling around $500 million to boost the won. Since the new government took office in February, it has continuously expressed its concern over the current account deficit and made a number of dollar-supportive comments in the market. A weaker won makes Korea's exports more competitive. However, recent remarks also suggest that the government is becoming more concerned about the potential damage from rising prices. -By Jung-Ah Lee, Dow Jones Newswires; 822-732-2165; jung-ah.lee@dowjones.com (END) Dow Jones Newswires June 15, 2008 06:08 ET (10:08 GMT)