11. -- James Kemp, senior currency trader at Citibank, as the dollar fell amid the budget dispute between the Clinton administration and Congress. 12. A cut would make the mark less valuable and the dollar more valuable to international currency traders. 13. A rate cut could hurt the dollar by making deposits in U.S. banks less attractive to currency traders. 14. A resolution could prompt further yen sales, said Bob McEntee, a currency trader at Corestates Bank in Philadelphia. 15. A year later, currency traders again tested the narrow trading limits set by European monetary officials. 16. Absent any coordinated action, currency traders expect those fundamentals will continue to attract investors to the dollar. 17. Absent any coordinated action, currency traders expect the dollar will continue to attract investors. 18. After chasing the dollar on a roller coaster ride during most of the year, Tokyo currency traders say the thrill is gone. 19. Already, currency traders have shown some loss of confidence that the budget wrangle will be resolved quickly. 20. Also making many currency traders and analysts bullish on the dollar are growing expectations the Bundesbank will cut the discount rate even if it keeps it unchanged tomorrow. |
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