61. That forced the Bank of France to raise interest rates in order to defend the currency. 62. The Bank of Canada often duplicates moves in U.S. interest rates to defend the currency. 63. The currency was allowed to float freely after a retreat by central bankers in Thailand, the Philippines, Malaysia and Singapore from defending their currencies. 64. The country spent several months defending its currency and arranging for emergency funds before it too was forced to devalue its currency last month. 65. The dollar rose against the yen as concern ebbed that the Bank of Japan would sell more dollars to defend its currency. 66. The dollar tumbled to a three-week low against the mark Friday on renewed speculation that the Bundesbank may raise interest rates to defend its currency. 67. The dollar fell against the mark after a German official suggested Germany may raise interest rates to defend its currency. 68. The IMF arranged cash infusions for these nations, in part to help them defend the currencies. 69. The government has defended the currency, the Hong Kong dollar, by raising interest rates. 70. The move reassured investors in Latin America that the government planned to defend its currency, the real, against speculative attacks. |