Guest guest Posted June 3, 2005 Report Share Posted June 3, 2005 Last Updated: Thursday, 2 June, 2005, 12:11 GMT 13:11 UK E-mail this to a friend Printable version Euro sinks after Dutch 'No' vote The euro has hit eight-month lows after Dutch voters gave a resounding " No " to the European Union constitution. The euro fell to $1.2158 overnight, its lowest since September, but rebounded slightly to $1.2261 by midday. The second " No " vote in a week has prompted fears that economic reform and integration across Europe will slow. But despite such concerns, the European Central Bank (ECB) voted to leave rates unchanged - meaning they have now been stationary at 2% for two full years. The zone's " one size fits all " rate has been widely criticised as too high for some struggling economies but not high enough to rein in inflation and potential asset bubbles elsewhere. But commentators have said that while the " No " votes from France and the Netherlands have not helped, the main reason for the currency's current lows was the recent string of interest rate rises in the US. http://news.bbc.co.uk/1/hi/business/4602229.stm Dear List Members, For the two “No”s, the dasha was Ke/Ra/Ju/Ju and Ke/Ra/Ju/Sa. As Europe rectified chart will be in Ke/Ra till 16/04/2006, let us see if it enters in a deeper crisis during the next stationary period of Rahu/Ketu over MEP6/MEP12. Best wishes, satva Jorge Angelino Rua da Sociedade Filarmónica Perpétua Azeitonense, 29 2925-598 Azeitão Portugal jorge.angelino tel: mobile: 210813674 963916784 Add me to your address book... Want a signature like this? Quote Link to comment Share on other sites More sharing options...
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