91.   He added that since the dollar has not enjoyed the recent upthrust that had been expected, and awaited, investors with long dollar positions were selling greenbacks.

92.   Investors continued to unload long dollar positions against the German unit as well ahead of a Bundesbank council meeting to be held later in the day, dealers said.

93.   Investors were reluctant to take fresh dollar positions against the yen due to persistent concerns over possible intervention by the Bank of Japan, dealers said.

94.   Investors continued to cover short dollar positions against the mark, following sharp declines in overseas trade, dealers said.

95.   Against the mark, the dollar also found the upside capped, mainly due to the ongoing trimming of long dollar positions, dealers said.

96.   Against the yen, investors were reluctant to take fresh dollar positions due to persistent concerns over possible Bank of Japan intervention, dealers said.

97.   Analysts said investors were covering dollar positions after a senior US Treasury official said the United States was prepared to intervene in currency markets if necessary.

98.   But it turned lower against the yen in later morning, with overseas funds liquidating long dollar positions to lock in profits, a dealer said.

99.   But the baht recovered some ground as investors unwound long dollar positions and equity markets shrugged off the downgrading as old news.

100.   Dealers added that investors were also cutting long dollar positions ahead of the weekend.