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Description: Glenn Stevens is GAIN Capital CEO. With a Lead411 subscription, GAIN Capital email addresses ( @gaincapital.com ) of the executives are viewable. Other information includes Glenn Stevens email, phone, and extension.
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Site Reference: http://www.gaincapital.com/company_news_reu1.html
Glenn Stevens managing director of GAIN Capital in Warren, New Jersey, said about the benefits of a weakening dollar. "The little angel dust that came last quarter didn't come this time." Analysts were quick to note that dollar gains in the second quarter were slight and orderly -- not a big burden on corporate earnings. During May, a month when exports rose 3.0 percent to hit a record $97.1 billion, the dollar notched its highest level on a trade-weighted basis since the previous November. But that level was still roughly 24 percent lower than peaks hit early in 2002, meaning that the negative effects of recent dollar gains on U.S. exports and earnings are relatively benign. During mid-May of the second quarter, the dollar began declining, erasing the gains from earlier in the quarter and entering a relatively narrow range, in which it continues to trade about
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