Re: Buying USD
€1.31 and dropping [broken link removed]
Outlook for anyone buying US$ doesn't look good.....
"Friday 19th November 2004 By Michael Low - Moneycorp CFX Dealers Daily Forex Commentary        
"Good morning TGIF. Pressure on the dollar relented briefly yesterday, as the weekend meeting of the G20 came into sight. Also at 13.30 today, Alan Greenspan and Jean-Claude Trichet are taking part in a panel discussion entitled ‘Euro in wider circles’ and people will be listening for an adjective even stronger than ‘brutal’. As this correspondent believes in ‘Euro in ever decreasing circles’ it’s not surprising that I did not receive an invite to Frankfurt. This afternoon or at the least by Monday morning, the market is likely to regain its ‘cynical’ poise and continue its dollar bashing. In this scenario Sterling is likely to get left behind and the 1.40 €/£ can only be days away. "
Brian