Rate Dropping Before Your Eyes

[stoop]

quote:Originally posted by Crabbit

quote:Originally posted by stoop

Fact is though we are all in the brown stuff at the moment. Whether it be Turkey, UK or USA

Speak for yourself, it hasn`t made any difference to me.

Time will tell

[Crabbit]

quote:Originally posted by stoop

Time will tell

It will have to work overtime to affect me.

[tinkerman]

I can't think of anything worse than rat dropping in your eyes

[puma]

i can!!!!!

[tinkerman]

yes but you're a scouse

[Ian]

The fluctuation in the YTL is all to do with the imminent deal that the Turkish government is about to do with the IMF.

The current deal (2002) ran out in May and although the government haver been posturing and saying "they don't want to do a deal with all the strings attached that they had last time" - Turkish businesses are telling the government to do the deal to provide a further period of stability - and this week - in spite of continued posturing - this looks the likely outcome.

If the deal is done say hello to 2 for 1 in double quick time!

See: http://http://www.hurriyet.com.tr/english/finance/10230441.asp?scr=1

Ian  

[c1]

the currencty movements are the liquid amounts that flow from those that are thought of a weak to those that are stronger, the yen and dollar are seen as fairly safe havens, before this crisis the money men would borrow in japan and invest elsewhere for higher return now that some of these countries where higher returns were offered are seen as vunerable hence flo back to dollar and yen, it could have included sterling if our wonderful leader had known what he was doing over the last 10 years.