Monday, April 18, 2005

Futures continue higher....Strong talk on China

Finance Ministers from the group of seven economic powers on saturday vowed "vigorous" action to reduce economic imbalances. According to Reuters. It feels to me that the tide might be changing near term. Rates are lower,globally, on the back of fears that growth may be slowing. Be cautious being long EM currencies (although I still am) as these could suffer the most.

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