March 7, 1989 |
The dollar advanced against most major currencies except the British pound and Canadian dollar in choppy trading Monday. Gold prices rose in domestic trading after a mixed performance overseas. Republic National Bank of New York quoted a late bid of $387.30 an ounce, $1 higher than Friday's late bid. Zlatko Glamuzina, chief currency dealer at the New York office of Banco di Sicilia, said the dollar benefited from improvements in the stock and bond markets and rising oil prices.
February 4, 1988 |
A plunge in the price of gold and rumors of another nuclear accident in the Soviet Union helped boost the dollar, which firmed against most major currencies in foreign exchange. The dollar is considered a safe haven during times of international turmoil. Dealers said the dollar's climb began early and accelerated when it breached 1.69 West German marks, a point when many technically oriented traders moved in to buy.
August 2, 1985 |
The U.S. dollar rose against most currencies Friday in response to congressional agreement on the U.S. budget. Gold prices fell. Currency dealers said the dollar was higher following votes in Congress to cut $57 billion from the budget for the next fiscal year. The cut strengthed confidence in the U.S. economy and thus in the U.S. currency. Falling oil prices prompted investors to continue to switch money out of the British pound and into the dollar, the dealers said.
August 21, 1985 |
The U.S. dollar fell Wednesday against all key European currencies except the British pound in moderately active trading. Gold prices rose. Foreign exchange dealers said the U.S. government's upward revision of its second-quarter gross national product growth rate to 2% Tuesday was shrugged off in early trading in Europe. In July, the GNP figure had been posted as a 1.7% increase, and most investors had been expecting a downward revision. "On balance, there isn't much evidence that the U.S.
December 18, 1986 |
The dollar fell today against all key currencies except the British pound and Canadian dollar in thin end-of-year European trading. Gold prices were mixed. Foreign exchange dealers said the dollar likely will maintain current levels during the Christmas holiday season, when trading virtually stops. In London, the British pound eased to $1.4300 from $1.4305 late Wednesday. In Tokyo, the dollar fell to a closing 163.20 Japanese yen from 163.75 yen at Wednesday's close.
November 14, 1986 |
The U.S. dollar closed mainly lower in European trading today with dealers remaining skeptical about the performance of the American economy. Gold prices were mixed. In Tokyo, where trading ends before Europe's business day begins, the dollar fell to a closing 161.57 Japanese yen from Thursday's 161.65. Later, in London, it was quoted higher at 162.05 yen. Other late dollar rates in Europe, compared to late Thursday were: 2.0125 West German marks, down from 2.0150; 1.
November 5, 1986 |
The U.S. dollar staged a sharp recovery in Europe today against all key currencies except the British pound and Canadian dollar. Foreign exchange dealers said the dollar opened weaker in what dealers said was a reaction to President Reagan's loss of a Republican majority in the Senate in Tuesday's elections. But the dollar quickly rallied. The British pound rose, for the fourth straight trading day, reaching $1.4210 from $1.4155 late Tuesday.
October 29, 1986 |
The dollar gave a mixed performance in listless European trading today. Foreign exchange dealers said many participants kept to the sidelines, apparently awaiting the economic indicators due for release later this week, including the September U.S. trade figures on Thursday. In Tokyo, the dollar edged up to a closing 159.35 Japanese yen from 159.30 yen at Tuesday's close. Later, in London, it rose to 160.28 yen. Other late dollar rates in Europe, compared to late rates Tuesday were: 2.
October 1, 1986 |
The U.S. dollar gave a mixed but steady performance in quiet European trading today. The price of gold fell in Zurich but was unchanged in London. Dealers said the dollar was underpinned by the West German central bank's intervention to support the dollar in the last two days. It also continued to draw strength from Tuesday's better-than-expected U.S. trade figures, they said. Other late dollar rates in Europe, compared to late rates Tuesday were: 2.0225 West German marks, down from 2.0265; 1.
February 26, 1987 |
The dollar was down slightly against most major currencies in a narrow range of trading Wednesday, as most dealers remained on the sidelines awaiting further clues on the state of the U.S. economy. Gold prices rose. Republic National Bank in New York quoted a bid of $402.75 an ounce, up from $402 late Tuesday. In Tokyo, the dollar fell to a closing 153.55 yen from 153.79 yen at Tuesday's close. It was unchanged at 153.55 yen in London. Later, in New York, it stood at 153.365 yen, down from 153.