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To: Ken Benes who wrote (25990)1/12/1999 9:43:00 AM
From: Hawkmoon  Read Replies (1) | Respond to of 116895
 
No one is ready to let the dollar sink much lower. Traders are just playing brinksmanship and inkling out additional gains on their money market trades. For them to pile on now to drive the dollar lower would create a situation with the CB's have to intervene, thus causing traders substantial financial pain.

The BOJ, the Fed, and the ECB, will intervene to support the dollar.

But I have to wonder if a strong dollar is in our interest given the enormous trade deficit.

Regards,

Ron



To: Ken Benes who wrote (25990)1/12/1999 12:43:00 PM
From: long-gone  Read Replies (1) | Respond to of 116895
 
Ken,

I don't know about that, might just be Mike quiting b-ball. everything is
selling off.


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