61. In New York Tuesday, the dollar lost ground against the yen, following press reports that Iraq had begun withdrawing its troops from the border with Kuwait. 62. In trading against other Asian units, the dollar lost ground. 63. But the dollar lost its sharp upward momentum later due to a lack of follow-though buying from Japanese investors, they said. 64. But, the dollar may lose ground if Germany releases weak money supply data, due over the next few days, they said. 65. But the dollar lost ground against all other major currencies on profit-taking, which began overnight on Asian markets. 66. The Tokyo market mostly reflected trends in New York, where the dollar lost ground despite the interest rate hike by the US Federal Reserve Board, dealers said. 67. The Tokyo market reflected trends on markets overseas, where the dollar lost ground, dealers said. 68. The Tokyo market mostly reflected trends overseas where the dollar lost ground, dealers said. 69. Traders said the dollar lost ground on rumors that Japanese interest rates might go up soon. 70. London analysts said the dollar lost ground due to remarks by Japanese Finance Minister Wataru Kubo that many forex dealers interpreted as presaging an increase in Japanese interest rates. |