U.S. Market December 11, 2000,

 
The New York currency markets played a waiting game today with no development weighing against the possible end of the month long American election drama. Eur/usd, already well offered from its late New York Friday run from 0.8810 to 0.8870--prompted by the Florida court decision permitting a partial recount—faded through 0.8800 as the market was guided by the Saturday United States Supreme Court stay which temporarily blocked any Florida vote recount until the court completed its judgement. Usd/jpy briefly ran above 111.00, but weakness transferred from the euro through eur/jpy reasserted itself with stops at 97.20 and 97.00. Usd/jpy tested 110.55 in afternoon before rising back to 110.80 by the close.

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