11.   The dollar rose, boosting shares of export companies, even though the Group of Seven industrial nations during the weekend agreed the U.S. currency had appreciated far enough.

12.   The dollar has suffered in part from doubts over whether the U.S. wants its currency to appreciate.

13.   The plan to reduce inflation, however, caused the currency to appreciate and car imports to increase six-fold in the first quarter from a year ago.

14.   When the Chilean currency appreciates, the dollar buys fewer pesos.

15.   But economists warned that central banks sometimes like to intervene when a currency is appreciating to give it an extra boost upward.

16.   Foreign exchange dealers said exporters were expecting the U.S. currency to appreciate more before exchanging the bulk of their dollars into New Taiwan dollars.

17.   Take the example of the Japanese exporters, who improved their efficiency and reduced costs when their currency constantly appreciated over the past two decades.

18.   The currency has also appreciated against the Australian dollar.

19.   The Philippine currency has been appreciating since last Thursday, when the central bank introduced a new dollar hedging facility that eased demand for the U.S. currency.

20.   The second point is that these currencies have appreciated relative to us in the last two or three years.