HEAD FOR THE HILLS !
Check 7.415 5.00 P.M EST Financial Survival 2000
( He's usually pessimistic, Today should be a real Gullywasher today ..)
- Selll now; or sell short . . . !
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Reuters
Stocks, Dollar Pummeled After G7 Call
Monday September 22, 7:19 am ET
By Nigel Stephenson
LONDON (Reuters) - A slide in the dollar after a weekend call from the Group of
Seven industrialized countries for more flexible exchange rates pummeled U.S.
Treasury bonds Monday and sent shares tumbling in Europe and Asia.
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The dollar fell to its lowest against the yen in nearly three years and its
weakest against the euro in eight weeks.
The G7 called for more exchange rate flexibility to help iron out global
economic imbalances and markets interpreted its statement as criticism of
persistent intervention by Asian countries to weaken their currencies and boost
domestic exports.
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