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COPYRIGHT 2006 Voxant, Inc.
Original Source: CNBC/DOW JONES BUSINESS VIDEO ANALYST INTERVIEW
BOB PISANI, CNBC ANCHOR: Let`s get more analysis of the dollar`s weakness and the steep drop in the Dow here today. Joining me Eric Ristuben. He`s the director of client investment strategies at Russell Investment Group; Greg Anderson is the senior foreign exchange strategist at ABN-AMRO; and of course, standing by, CNBC`s senior economic reporter Steve Liesman.
Greg, what is behind this dollar weakness here and how serious is it?
GREG ANDERSON, SENIOR FOREIGN EXCHANGE STRATEGIST, ABN-AMRO: I think the biggest factor behind it is that there were a lot of bets in the market that this 130, the figure level in euro dollars, would not break. And when it did break in a very thin market on Friday, you know, the move was exacerbated by a lack of liquidity with U.S. players out of the market. There are a number of minor events such as a good...
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