Euro bulls look to US equity weakness
MARKET NEWS
Frankfurt -- Euro bulls were optimistic last week that weaker US equity prices would drive the euro higher against the dollar, but analysts surveyed by FX Week said continued equity weakness would not be enough to push the euro out of range.
The recent collapse of oil giant Enron has dampened investor confidence in all markets, and foreign investors are showing reluctance to invest in US equities and bonds. This could have a negative pull on the dollar, which was supported last year by a huge
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