27 March 2001, 11:30  FOREX FROZEN BY GREENSPAN ANTICIPATION IN US HOURS

Foreign exchange markets ground to a halt Monday afternoon, even as theDJIA held gains on the day, as traders geared up for what would appear tobe a busy Tuesday. All eyes will be on Federal Reserve Bank chairmanAlan Greenspan as he addresses the National Association of Business Economics, at 8:45 a.m. EST. There is to be no Q&A, but traders will be keento hear any comments Greenspan makes for clues about future interest ratemoves, with some analysts feeling the Fed has not been pre-emptiveenough in averting a possible recession.

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