21. On Friday, the financial markets appeared pleased that Brazil would no longer drain foreign reserves to bolster its currency. 22. Thailand, the Philippines and Malaysia raised interest rates to bolster their currencies, raising the prospect that economic growth will slow. 23. The dollar fell against the yen as Japanese officials said they were ready to take action to bolster the currency. 24. The dollar rose after a Japanese official said efforts to bolster the currency by selling dollars would have little effect. 25. The dollar rose against the yen after a Japanese official said efforts to bolster the currency by selling dollars would have little effect. 26. The moves by the government to bolster the currency averted a devaluation, but at the cost of slower growth. 27. The U.S. and other governments have been buying dollars to bolster the currency. 28. The U.S. currency was also bolstered by speculation central banks may be preparing to act jointly to bolster it. 29. The U.S. currency was bolstered against the yen by its strength against the German mark and by expectations that the Bank of Japan will continue its dollar defense. 30. The U.S. currency was bolstered against the yen by expectations the fiscal package Japan will announce next week will boost growth and increase demand for imports. |