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Strategies & Market Trends : World Outlook -- Ignore unavailable to you. Want to Upgrade?

To: Richnorth who wrote (582)	2/11/1999 9:08:00 AM
From: Henry Volquardsen	Read Replies (1) \| Respond to of 48847

If I may Rich, that news has been in the market for awhile. Some Aussie producers bought back a large portion of their hedges about a month ago. The market has been pretty quiet since. I don't know what Goldman in specific is saying about the Aussie but there has been a bullish story building for the A$ for the last few months. The main arguement is that the Japanese are finally taking some action and that we may see their economy starting to reflate. That would have a knock on effect of stabilizing the rest of Asia and bringing some growth thier way. This would also help commodity prices to stabilize. Both those results would be positive for the Aussie economy and is translating to a positive feeling towards the A$. In addition there appears to have been some portfolio reallocation coming from Europe into Aussie.