1. Also weakening the mark today was growing speculation the Bundesbank will lower a key money market rate at a policy meeting Thursday. 2. A stronger dollar has certainly been a boon to the franc, since it has weakened the mark. 3. A stronger dollar has helped the franc, since it has weakened the mark. 4. Bundesbank President Hans Tietmeyer and other council members have repeatedly rejected the notion of cutting interest rates to weaken the mark. 5. Cutting German interest rates would have weakened the mark by making mark-denominated bank deposits less attractive. 6. Expectations of a German rate cut can work to weaken the mark by reducing its appeal to investors. 7. GERMAN MARK Expectations for higher U.S. rates could weaken the mark. 8. Lower German rates tend to weaken the mark as investors seek higher returns on their deposit elsewhere. 9. Logically, Eichner said, the German election outcome should have weakened the mark and bolstered the dollar. 10. Lower German rates could weaken the mark, as investors sell the German currency to transfer their money into deposits elsewhere that offers higher returns. |