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To: Giraffe who wrote (22228)	10/24/1998 8:41:00 PM
From: goldsnow	Respond to of 116753

IMF official says sees cyclical correction to dlr TOKYO, Oct 23 (Reuters) - Flemming Larsen, deputy director of the International Monetary Fund's research department, said on Friday he thinks a cyclical correction to a strong U.S. dollar is coming soon. In a speech in Tokyo, Larsen said that if the U.S. economy is slowing, especially compared with Europe, "one would expect to see a cyclical correction (to the dollar's previous strength), which I think is on the way." business-times.asia1.com.sg The sharp drop in USD is IMO a reverse equivalent to POG dropping from $400 ..that has followedby Thailand and Asian Crisis, strong $, we are going to have opposite now, USD did not just mrely corrected rather $ fell of the cliff, more so considering that Yen/Japan was weak as ever..