Again others believe German interest rates could even go down.

The mark also continues to be hurt by last week's cut in German interest rates.

"People are still looking for further cuts in German interest rates."

At the same time, the similar German rate fell a quarter point.

The mark is attractive because of high German interest rates.

Now, there is less of a chance that German interest rates will rise any further.

The consensus is that German rates will finally fall in 1993.

"A lot of people have sold the mark expecting a cut in German interest rates and they're not getting it."

Lower German interest rates typically make the mark less attractive.

The only escape would be a reduction in German interest rates.