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Late Dollar Rates

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BUSINESS
May 4, 1989 | From Associated Press
The dollar firmed Wednesday against most major currencies in quiet worldwide trading even though central banks intervened to push down its value. Gold prices moved higher. Republic National Bank of New York quoted a late bid of $377.40 an ounce, up $1.05 from late Tuesday. Currency dealers said reported dollar selling by a handful of central banks, including the Federal Reserve, failed to dampen the market's overriding bullish sentiment toward the U.S. currency. In London, one British pound cost $1.6847, up from Tuesday's late $1.6845.
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BUSINESS
June 16, 1989 | From Associated Press
The dollar plummeted Thursday in what analysts called the steepest one-day decline in years, as traders who had been powering the currency's long rally suffered a sudden crisis of confidence. Market watchers said there was no apparent news to account for the dollar's drop, which amounted to 2.5% or more against the British pound, West German mark and Japanese yen. Instead, traders said the dollar appeared to have risen too far, too fast in recent weeks and may have been ripe for a sell-off on the part of speculators anxious to cash in their gains.
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BUSINESS
May 16, 1989 | From Associated Press
The dollar ended mostly lower against European currencies today in light trading, but money brokers said an underlying appetite for the currency remained strong. Gold prices were mixed. The dollar, which hit two-year highs against some other key currencies Monday, picked up speed late in the day after an early afternoon lull, taking its signal from active New York trading in which traders said demand was coming primarily from investors. European trading remained light, consisting primarily of trading between banks.
BUSINESS
June 10, 1989 | From Times Wire Services
The dollar soared Friday against major foreign currencies in a powerful buying wave touched off by the unexpectedly high producer price index, strength in the bond market and continuing tension in the Far East. Gold prices sank as much as $15 an ounce amid profit taking. John McCarthy, chief dealer at the New York office of Amsterdam Rotterdam Bank, said currency dealers drove the dollar past several psychologically significant thresholds against the West German mark. At the end of trading in New York, the dollar stood at 2.010 marks, up from 1.9725 Thursday.
BUSINESS
May 30, 1989 | From Times Wire Services
The dollar rose Monday in European trading that was greatly reduced by the Memorial Day holiday in the United States and by a bank holiday in Britain. Gold prices fell. In Frankfurt, traders said they had not seen any signs of central bank intervention in the open market during the European day and, citing the absence of the U.S. Federal Reserve Board, said they didn't expect any. Dealers said demand for dollars remained strong because of the attraction of relatively high American interest rates and the lure of U.S. investment.
BUSINESS
June 26, 1985 | Associated Press
The U.S. dollar fell in Europe today in technical trading, currency dealers said. Gold prices rose. A dealer in Frankfurt, West Germany, said the U.S. currency was sent lower at midday Wednesday when markets opened in the United States and banks there started selling dollars for technical reasons. Other dealers said the morning session in Europe also was technically based, meaning that dealers were selling dollars in the hope that past price performance patterns would be repeated.
NEWS
February 22, 1985 | Associated Press
The U.S. dollar continued its record-shattering climb on European currency markets today, boosted by President Reagan's statement that the United States will not act to devalue the currency. Gold prices were mixed. The British pound fell to an all-time low of $1.0730 in late trading, down a penny from the previous record of $1.0830 set late Thursday. The pound traded at $1.1025 last Friday. The dollar also hit all-time highs against the French franc and Italian lira.
BUSINESS
November 17, 1987 | Associated Press
The dollar closed higher Monday despite fluctuations caused by uncertainty over budget talks in Washington. Gold prices fell. Republic National Bank of New York quoted a bid of $463 as of 4 p.m. EST, down from $464.50 late Friday. The dollar rose in early trading in New York and Europe, but pessimism about negotiations to reduce the federal budget deficit caused the currency to give up some of those gains, dealers said.
BUSINESS
June 7, 1989 | From Times Wire Services
The price of gold shot up nearly $12 an ounce in late trading Tuesday, while the dollar slipped. Some dealers said gold rallied in a belated response to the turmoil in China, but others said technical factors were behind the late spurt. The dollar was actually lower earlier Tuesday in Hong Kong, which is most sensitive to what happens in China. Republic National Bank of New York said gold was bid at $376.70 an ounce as of 4 p.m. EDT, up from $364.80 on Monday. That brought it back to its levels of early May, but well below January levels, when it was more than $400 an ounce.
BUSINESS
June 10, 1989 | From Times Wire Services
The dollar soared Friday against major foreign currencies in a powerful buying wave touched off by the unexpectedly high producer price index, strength in the bond market and continuing tension in the Far East. Gold prices sank as much as $15 an ounce amid profit taking. John McCarthy, chief dealer at the New York office of Amsterdam Rotterdam Bank, said currency dealers drove the dollar past several psychologically significant thresholds against the West German mark. At the end of trading in New York, the dollar stood at 2.010 marks, up from 1.9725 Thursday.
BUSINESS
June 7, 1989 | From Times Wire Services
The price of gold shot up nearly $12 an ounce in late trading Tuesday, while the dollar slipped. Some dealers said gold rallied in a belated response to the turmoil in China, but others said technical factors were behind the late spurt. The dollar was actually lower earlier Tuesday in Hong Kong, which is most sensitive to what happens in China. Republic National Bank of New York said gold was bid at $376.70 an ounce as of 4 p.m. EDT, up from $364.80 on Monday. That brought it back to its levels of early May, but well below January levels, when it was more than $400 an ounce.
BUSINESS
May 31, 1989 | From Associated Press
The dollar slipped below 2 West German marks in late trading Tuesday in a choppy session dominated by speculation about an interest rate increase by the West German central bank. The dollar finished the day above the levels it reached last Friday in New York but below where it traded Monday in Europe. The U.S. and British currency markets were closed for holidays on Monday. Last week, the dollar rose above 2 marks for the first time in 2 1/2 years and went over 140 Japanese yen for the first time in 1 1/2 years.
BUSINESS
May 30, 1989 | From Times Wire Services
The dollar rose Monday in European trading that was greatly reduced by the Memorial Day holiday in the United States and by a bank holiday in Britain. Gold prices fell. In Frankfurt, traders said they had not seen any signs of central bank intervention in the open market during the European day and, citing the absence of the U.S. Federal Reserve Board, said they didn't expect any. Dealers said demand for dollars remained strong because of the attraction of relatively high American interest rates and the lure of U.S. investment.
BUSINESS
May 16, 1989 | From Associated Press
The dollar ended mostly lower against European currencies today in light trading, but money brokers said an underlying appetite for the currency remained strong. Gold prices were mixed. The dollar, which hit two-year highs against some other key currencies Monday, picked up speed late in the day after an early afternoon lull, taking its signal from active New York trading in which traders said demand was coming primarily from investors. European trading remained light, consisting primarily of trading between banks.
BUSINESS
May 4, 1989 | From Associated Press
The dollar firmed Wednesday against most major currencies in quiet worldwide trading even though central banks intervened to push down its value. Gold prices moved higher. Republic National Bank of New York quoted a late bid of $377.40 an ounce, up $1.05 from late Tuesday. Currency dealers said reported dollar selling by a handful of central banks, including the Federal Reserve, failed to dampen the market's overriding bullish sentiment toward the U.S. currency. In London, one British pound cost $1.6847, up from Tuesday's late $1.6845.
BUSINESS
December 12, 1987 | Associated Press
The dollar stumbled lower again Friday, but light trading in the currency markets may have spared the currency even greater damage, analysts said. Gold prices continued their ascent. At Republic National Bank of New York, gold bullion was quoted at $497.25 an ounce at 4 p.m. EST, up from $493.50 late Thursday. The domestic foreign exchange market was quiet, compared to the violent move of Thursday, when the government announced a record shortfall in U.S. trade during October. The $17.
BUSINESS
June 16, 1989 | From Associated Press
The dollar plummeted Thursday in what analysts called the steepest one-day decline in years, as traders who had been powering the currency's long rally suffered a sudden crisis of confidence. Market watchers said there was no apparent news to account for the dollar's drop, which amounted to 2.5% or more against the British pound, West German mark and Japanese yen. Instead, traders said the dollar appeared to have risen too far, too fast in recent weeks and may have been ripe for a sell-off on the part of speculators anxious to cash in their gains.
BUSINESS
May 31, 1989 | From Associated Press
The dollar slipped below 2 West German marks in late trading Tuesday in a choppy session dominated by speculation about an interest rate increase by the West German central bank. The dollar finished the day above the levels it reached last Friday in New York but below where it traded Monday in Europe. The U.S. and British currency markets were closed for holidays on Monday. Last week, the dollar rose above 2 marks for the first time in 2 1/2 years and went over 140 Japanese yen for the first time in 1 1/2 years.
BUSINESS
November 17, 1987 | Associated Press
The dollar closed higher Monday despite fluctuations caused by uncertainty over budget talks in Washington. Gold prices fell. Republic National Bank of New York quoted a bid of $463 as of 4 p.m. EST, down from $464.50 late Friday. The dollar rose in early trading in New York and Europe, but pessimism about negotiations to reduce the federal budget deficit caused the currency to give up some of those gains, dealers said.
BUSINESS
November 12, 1987 | Associated Press
The dollar rose in light trading Wednesday, but analysts warned that the impending release of U.S. trade figures posed another major test for the currency. Gold prices rose slightly. Republic National Bank in New York quoted a bid for an ounce of gold at $461.40 as of 4 p.m. EST, up from $460.90 late Tuesday.
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