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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (2027)	11/4/1998 5:28:00 AM
From: sea_urchin	Read Replies (2) \| Respond to of 81277

Papaya : In my opinion, the lows are over for a while in the dollar. Can't say it will get much higher but the downward pressure seems off. digisys.net decisionpoint.com

To: Broken_Clock who wrote (2027)	11/4/1998 3:43:00 PM
From: Broken_Clock	Respond to of 81277

from Tuesday's report...Even if Tuesday's upmove shattered the 1.6670 mark level, analysts said a shield of resistances above 1.67 would hinder the rally. Now today... Wednesday November 4, 3:19 pm Eastern Time (Note: this article is ''in progress''; there will likely be an update soon.) FX IN EUROPE - U.S. vote, LatAm draw out dollar bulls LONDON, Nov 4 (Reuters) - A positive result for the Democrats in the U.S. mid-term elections and fading risks of a collapse in Latin American markets coaxed dollar bulls out of hiding on Wednesday, analysts said. The positive sentiment generated pushed the dollar to a one-month high at 1.6705 versus the mark, while against the yen it traded for much of the European session above 117. ''The risk that (U.S. President Bill) Clinton will be impeached has receded as has the risk of further currency devaluations in Latin America. Equities and the dollar are up as a result,'' said Peter von Maydell, currency strategist at CSFB. The Democrats gained five House of Representative seats in the elections which would protect Clinton's Presidency from the protracted Monica Lewinsky affair, analysts said. By 1535 GMT dollar/mark was quoted at 1.6670/73 from 1.6594/99 in late Europe on Tuesday. Dollar/yen was at 116.53/58 off the session peak at 117.38 and against 115.50/60 on Tuesday. In Brazil, Congress will vote on a long-delayed pension reform bill later on Wednesday. ''The passing of the bill should help the government push through the rest of the austerity programme,'' said Alistair MacMillan an institutional salesman at Credit Agricole Indosuez.