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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: pressboxjr who wrote (5739)	4/19/1999 4:04:00 PM
From: Bucky Katt	Read Replies (1) \| Respond to of 57584

Yep..We talked about this some time ago>> Fresh attacks on Europe's new single currency pushed it to lifetime lows against the dollar and sterling on Monday as traders braced themselves for a prolonged conflict in the Balkans. ''The euro is under pressure because of the onging crisis in Yugoslavia and lack of supportive comment from European finance officials,'' said Nick Shamim, bond and currency strategist at Norinchukin International Plc. By 1447 GMT on Monday the euro had set a lifetime low of $1.0602, more than 10 percent below the peaks it scaled just after launch on January 1. Euro/dollar stood at $1.0693/95 in late European trade on Friday. In the morning session euro/sterling hit a trough of 65.58 pence from 66.36/42 pence late Friday. European Central Bank chief Wim Duisenberg provided another incentive to offload euros in afternoon trade. ''There was another euro/dollar sell-off after Duisenberg said euro weakness was due to the relatively better outlook for the U.S. economy,'' a trader said. Duisenberg said while growth forecasts for the euro area had generally been revised downwards, the U.S. economy had shown unexpected strength and no signs of a slowdown so far. "UNTILL TODAY" ''There is concern about a couple of key economies in the euro zone, specifically Germany and Italy,'' said Marco Pianelli, senior strategist at Nomura International.