bit more on the Battle of the Euro v Dollar... ----- Original Message ----- From: Mine Aysen Doyran <[EMAIL PROTECTED]> To: <[EMAIL PROTECTED]> Sent: Saturday, September 30, 2000 5:05 PM Subject: Re: [CrashList] Rumor: Rubin leaked last week's intervention to a hedge fund Julien, where was this published? and the exact date please.. thanks, Mine Julien Pierrehumbert wrote: > U.S. Hedge Fund Supposedly Knew About Intervention > By Claus Tigges > > FRANKFURT. The intention of the European Central Bank to intervene in > favor of the euro, along with other leading central banks, was apparently > known several hours before the actual price-supporting currency purchases > were carried out last Friday, according to market sources in Frankfurt. > > Supposedly, there was a leak in one of the participating central banks not in > the euro-zone. On hearing about the impending intervention, Citibank, one > of the leading currency traders worldwide, began buying up euros in large > volumes for a U.S. hedge fund company, according to the rumor. > > The price of the euro had risen slightly against the dollar to more than $0.86 > on Friday morning. According to sources at banks in Frankfurt, the > suspected purchases and subsequent sales of currency by Citibank were > ostensibly the reason that the euro did not climb to $0.90 following the > intervention, which took place at 1 p.m. CET. > > A possible connection between the hedge-fund company, the bank and the > central bank has been found in the person of former U.S. Finance Minister > Robert Rubin, who is currently co-chairman of Citigroup. > > [...] > > _______________________________________________ > Crashlist resources: http://website.lineone.net/~resource_base > To change your options or unsubscribe go to: > http://lists.wwpublish.com/mailman/listinfo/crashlist -- Mine Aysen Doyran PhD Student Department of Political Science SUNY at Albany Nelson A. Rockefeller College 135 Western Ave.; Milne 102 Albany, NY 12222 ____________NetZero Free Internet Access and Email_________ Download Now http://www.netzero.net/download/index.html Request a CDROM 1-800-333-3633 ___________________________________________________________ _______________________________________________ Crashlist resources: http://website.lineone.net/~resource_base To change your options or unsubscribe go to: http://lists.wwpublish.com/mailman/listinfo/crashlist
