Ramsey
30-09-2002, Mon 9:44 AM
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FOREX: The euro should get some support from the do-nothing stance taken by the Group of Seven officials over the weekend.
With very little confidence-boosting policies from the latest meeting of the G7 finance ministers, the dollar could be in for more volatility this week. It will be hit by fears about a war on Iraq, sliding stock markets and concerns about Japan's banking system.
"I think you're going to continue to have a lot of confusion, especially around Japan, following the G7 meeting," said Rebecca Patterson, a currency strategist at JP Morgan in New York.
The Brazilian real will also be in for a choppy week, on fears that opposition candidate Luiz Inacio Lula da Silva will win the presidential election.
على افتتاح اوروبا
FOREX: The euro should get some support from the do-nothing stance taken by the Group of Seven officials over the weekend.
With very little confidence-boosting policies from the latest meeting of the G7 finance ministers, the dollar could be in for more volatility this week. It will be hit by fears about a war on Iraq, sliding stock markets and concerns about Japan's banking system.
"I think you're going to continue to have a lot of confusion, especially around Japan, following the G7 meeting," said Rebecca Patterson, a currency strategist at JP Morgan in New York.
The Brazilian real will also be in for a choppy week, on fears that opposition candidate Luiz Inacio Lula da Silva will win the presidential election.