11. The announcement came after the battered peso rose slightly on news that Mexico had begun drawing on a bailout package from the United States and Canada. 12. Fischer said the battered peso would eventually firm against the US dollar. 13. In a statement, the Federal Reserve acknowledged it had acted to prop up the battered peso but it did not elaborate. 14. An emergency program announced by Mexican President Ernesto Zedillo to prop up the battered peso had little effect on Wall Street. 15. The dollar plummetted against other major currencies Monday after the US Federal Reserve intervened on be half of the battered Mexican peso. 16. The dollar plummeted against other major currencies Monday after the US Federal Reserve intervened on behalf of the battered Mexican peso and facing a strong German mark. |