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(March 29, 2002) CURRENCIES: The dollar managed to hold its own against the Euro, gained against the Swiss Franc and was basically flat against the Yen in pre holiday weekend trading. On the one hand the prospect of higher U.S. rates predicated on the Fed change in bias should have supported the dollar to a greater extent notwithstanding the weakness tied to international events in the Middle East. We are on the sidelines for now.

John L. Caiazzo
www.acuvest.com
E-mail: futures@acuvest.com

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