by heath7 » Mon Aug 01, 2005 3:24 pm
<!--EZCODE LINK START--><a href="http://www.bloomberg.com/apps/news?pid=10000101&sid=ahTSIWbY8ToA&refer=japan">Aug. 1 (Bloomberg) -- The dollar fell against the euro for a third day and dropped versus the yen in Europe after the International Monetary Fund said the U.S. currency is significantly overvalued.</a><!--EZCODE LINK END--><br><br><!--EZCODE ITALIC START--><em>``The U.S. economy is still growing strongly, but the dollar needs something more to push it up any further against the euro and the yen,'' said Yuzo Nakajima, who oversees the equivalent of $268 million in Tokyo at Deutsche Asset Management (Japan) Ltd.</em><!--EZCODE ITALIC END--> <!--EZCODE BOLD START--><strong>``The IMF report focuses attention on the U.S. deficit and is a reason to sell.''</strong><!--EZCODE BOLD END--> (emphasis mine)<br><br><br><br><br><br> <p></p><i></i>
