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Switch · 23-11-2004, 10:37

With more Russian rumours hitting the newswires a Russian name has been
spotted attempting to buy the pair up to 1.3020/25 offers. The move higher was
initially sparked by Asian interest, with a US name pushing the pair back into
the 1.3000"s and now we are seeing the Russian interest. 1.3020/25 offers are
likely to be quickly absorbed if this momentum can be carried through. 1.3035 is
touted as the next big clump of offers. The news on Russian forex reserves is
that the C/B will consider changing its share of EUR reserves if the
appreciation continues. The move would be purely reactionary and would do little
but reinforce the theory that the USD is in for a turbulent New Year. --

Quelle: refco

23-11-2004, 10:37	#943
Switch TBB Family Registriert seit: Mar 2004 Ort: Bodensee Beiträge: 2.350	With more Russian rumours hitting the newswires a Russian name has been spotted attempting to buy the pair up to 1.3020/25 offers. The move higher was initially sparked by Asian interest, with a US name pushing the pair back into the 1.3000"s and now we are seeing the Russian interest. 1.3020/25 offers are likely to be quickly absorbed if this momentum can be carried through. 1.3035 is touted as the next big clump of offers. The news on Russian forex reserves is that the C/B will consider changing its share of EUR reserves if the appreciation continues. The move would be purely reactionary and would do little but reinforce the theory that the USD is in for a turbulent New Year. -- Quelle: refco __________________ Grüsse Switch „Es ist oft produktiver, einen Tag lang über sein Geld nachzudenken, als einen ganzen Monat für Geld zu arbeiten.“ (Heinz Brestel, dt. Finanzpublizist)