At 05:38 AM 5/16/2003 +0400, you wrote:

>P.S. What's going up with euro, does anybody know?

The USD is sinking, so the Euro (and other currencies such as the Canadian$
are going up in comparison. The fact that the US fed funds rate is half
that of the ECB (1.25% vs. 2.5%) is a strong factor - more important
probably than the US deficits, though those figure into it too.

Unless the ECB changes policy, the dollar could continue to fall
maybe another 10-20%, IMHO.

Two months ago I suggested Euro-denominated government-guaranteed bonds
for dollar-based investors- to take advantage of high interest rate, possible
currency appreciation, and possible interest rate drops in the Eurozone
(which leads to a capital gain on bond prices, of course). As it turns out,
that was an excellent suggestion, it might still be a good one (or not).

Not responsible if you lose money because of this. 8-)

Best regards,

Spehro Pefhany --"it's the network..."            "The Journey is the reward"
speff@interlog.com             Info for manufacturers: http://www.trexon.com
Embedded software/hardware/analog  Info for designers:  http://www.speff.com

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