ECB'S LIEBSCHER: CURRENT EURO FX NOT IN LINE W/FUNDAMENTALS Forex EuroClub

31 May 2001 12:34 ECB'S LIEBSCHER: CURRENT EURO FX NOT IN LINE W/FUNDAMENTALS

ECB DOESN'T FOCUS ON SINGLE MONTH'S M3 DATA
DEVIATIONS FROM M3 REF. VALUE DON'T REQUIRE RESPONSE
M3 DISTORTIONS REUQIRE CAREFUL INTERP. OF DATA

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