51. On the foreign exchange market, the dollar moved higher as investors covered short, or oversold, dollar positions. 52. On Wednesday, the dollar drifted higher as traders adjusted their dollar positions after U.S. Federal Reserve Chairman Alan Greenspan offered cautious comments about monetary policy. 53. Some traders in Tokyo adjusted their overbought dollar positions, dragging the currency lower. 54. Since banks had long dollar positions, they immediately sold dollars for pesos in early trade after the election turned out to have been largely peaceful, dealers said. 55. Some traders in Tokyo adjusted their overbought dollar positions, helping the currency lower. 56. Some traders in Tokyo adjusted their overbought, dollar positions, helping the currency lower. 57. The dollar retreated on selling by interbank players trying to reduce their long, or overbought, dollar positions, traders said. 58. The dollar was sold mainly because of selling by Japanese exporters who tried to reduce their long dollar positions, traders said. 59. The dollar was stable although some dealers were trying to reduce their long dollar positions before the weekend, traders said. 60. The dollar was supported by Japanese investors who bought it for yen to cover their short, or oversold, dollar positions, traders said. |
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