41. A rally on Wall Street also helped lift the dollar against the Japanese currency, continuing its recent trend. 42. Also lifting the dollar was speculation that U.S. military forces might soon initiate airstrikes against Iraq. 43. But stocks did manage to bounce back from the early lows, helping lift the dollar late in the day. 44. But stronger-than-expected demand at the Treasury auction helped lift the dollar. 45. Currency market participants said the advance in American securities prices, if sustained, could bring international capital flows back to the United States and lift the dollar further. 46. Follow-through buying lifted the dollar further in Tokyo Wednesday, a day after the U.S. Federal Reserve raised interest rates for the first time in two years. 47. In currency dealings, traders said worries over economic growth helped lift the dollar higher against the yen. 48. Intervention by the Bank of Japan quickly lifted the dollar from its lows. 49. Meanwhile, the Clinton administration joined with the Bank of Japan to intervene in global currency markets to try to lift the dollar in value against the Japanese yen. 50. Meanwhile, renewed signs of tensions on the Korean Peninsula lifted the dollar higher against the yen. |