31. Though high rates bolster a currency by attracting fixed-income investment, they may slow economic growth and trigger loan defaults. 32. Today was the third time this year the central bank raised borrowing costs to bolster the currency. 33. Traders are watching the Bank of Canada this morning for an possible announcement of a interest rate increase to bolster the currency. 34. Widespread buying of the Canadian dollar and securities denominated in it from various corporate accounts in Europe also helped bolster the currency, Farrill said. 35. Efforts by the government Monday to bolster the currency by selling dollars and buying pesos apparently failed. 36. In exchange, they pledged to raise interest rates to bolster weakened currencies, pare government spending and repair damaged banking systems. 37. The central bank intervened earlier in the day, selling dollars to try and bolster the currency. 38. US President Bill Clinton reaffirmed his support Tuesday for a strong dollar but said Washington faced limitations in bolstering its currency in the short term. 39. The dollar was slightly up in early Wall Street trading Thursday following the hectic activity of the previous day when the Fedaral Reserve intervened repatedly to bolster the currency. |