March 18, 1988 |
The dollar rose against most major currencies except the Canadian dollar in hectic Thursday trading that was marked by uncertainty over the significance of a report on the trade deficit. Gold prices fell. Republic National Bank of New York said gold was bid at $443.40 an ounce as of 4 p.m. EST, down from $445 an ounce late Wednesday. The Commerce Department reported Thursday that the merchandise trade deficit widened slightly to $12.4 billion in January from $12.2 billion in December.
August 24, 1988 |
The dollar surged Tuesday despite continued efforts by central banks in Europe and the United States to restrain its rise. Gold prices were mixed. Republic National Bank of New York said gold was bid at $431.85 an ounce as of 4 p.m. EDT, down from $433.20 an ounce late Monday. The official attempts to hold down the dollar were lighter than Monday, but still significant, traders said.
August 2, 1988 |
The dollar finished lower against most major currencies Monday amid fears that central banks might intervene to drive the dollar down. Gold prices also declined. Republic National Bank of New York quoted a late bid of $434.50 an ounce, down from $436 Friday. The dollar ended lower in New York after rising in the Far East and trading mixed in Europe. Apprehension about possible renewed dollar sales by the central banks of major industrial countries kept activity subdued, traders said.
August 12, 1988 |
The dollar moved decidedly lower in hectic trading Thursday amid concerns that the currency's new-found strength would not be tolerated. Gold prices finished slightly higher. Republic National Bank of New York quoted a bid of $429.30 for an ounce of gold as of 4 p.m. EDT, up from $428.80 late Wednesday.
August 3, 1988 |
The dollar rose Tuesday against most major currencies after the government released a triple dose of strong economic data, including a report forecasting solid growth for the rest of the year. Gold prices slipped, however. Republic National Bank of New York quoted a bid for gold at $431.50 an ounce as of 4 p.m. EDT, down $3 from late Monday.
June 30, 1988 |
The dollar finished mostly higher against foreign currencies in U.S. trading Wednesday despite a late selloff incited by rumors of aggressive central bank intervention, currency brokers said. Gold prices eased further in New York after falling sharply in Europe. Republic National Bank's late quote for bullion was $435.30 an ounce, down from $437.20 Tuesday.
June 22, 1988 |
The dollar was narrowly lower against most major foreign currencies Tuesday amid expectations that European interest rates would rise. Gold prices were mixed. Republic National Bank of New York quoted a bid of $451.70 for an ounce of gold as of 4 p.m. EDT, up from $450.70 late Monday. "We're looking at the possibility that some of the European Common Market countries may be raising their interest rates," said Jack Barbanel, a first vice president with Gruntal & Co.
February 24, 1988 |
The dollar was mostly lower after a session of choppy trading Tuesday. Gold prices also fell. Republic National Bank of New York quoted a late bid price for gold of $441.50 an ounce, down $2.75 from Monday's late bid. Analysts said the dollar gained some strength from reports of congressional testimony by Federal Reserve Board Chairman Alan S. Greenspan early in the session, reversing overnight losses.
February 6, 1988 |
The dollar rebounded sharply against most key currencies in active domestic trading Friday after the government released its January unemployment report. Gold prices slumped as a result of the dollar's strength. Republic National Bank of New York quoted a late bid for gold of $440.50 an ounce, down $4.50 from Thursday. Traders said there was a rush to buy dollars following the jobless report, although some said the U.S. currency had been poised to rise regardless.
February 27, 1988 |
The dollar slipped Friday against most major currencies in quiet trading on the world's foreign exchange markets. Gold prices resumed their recent decline in New York, falling to their lowest level since April, 1987, in moderate volume. Republic National Bank of New York quoted a late bid price for gold of $429.50 an ounce, down from $433 late Thursday. The dollar slipped in Asia and Europe, reflecting lingering disappointment over Thursday's report that the U.S. economy expanded at a 4.