21. To buy marks for yen, traders often sell marks for dollars and then sell the dollars for yen. 22. To sell marks for yen, traders often sell marks for dollars and then sell the dollars for yen. 23. Traders sold marks for dollars last week amid concern that disagreement on the so-called stability pact would result in a weak euro. 24. Traders also sold marks for yen, he added. 25. Traders often use the dollar as an intermediary currency to sell marks for yen -- selling marks for dollars and then converting the dollars into yen. 26. Traders sold German marks Monday to buy Swedish kronor after Swedish voters, in a weekend referendum, approved entering the European Union. 27. Traders sometimes execute mark-yen transactions through the dollar, selling marks for dollars and then selling those dollars for yen. 28. Traders surprised by the size of the move sold marks, since lower German rates reduce the appeal of deposits in the currency. 29. To sell marks for yen, traders often first convert marks for dollars and then sell the dollars for yen. 30. When converting marks into yen, traders often sell marks for dollars first and then sell the dollars for yen. |