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jdaasoc

05/07/03 8:57 AM

#105225 RE: mlsoft #105166

I see trouble ahead maybe even this week if ECB doesn't lower rates to put brake rise in dollar/euro rate. At 1.15 curently, Zeev thinks 1.18 is limit. Realistically if euro interest rates are significantly higher then US interest rates and now that another FED rate cut is expected as by move in bonds, what is stopping it to go to 1.20 as money flows continually to Euroland.