61. Traders suspected that short-term speculators may have used the rumors to lift the dollar. 62. In addition, the dollar was lifted by some sales of Swiss francs, which is now seen as less of a safe haven in times of crisis. 63. Active speculative buying lifted the dollar to highs late in the morning, which triggered active profit-taking, dealers said. 64. Analysts said that rumours that data would reveal a further weakening of business confidence in the German economy had lifted the dollar. 65. Rumours that the Bundesbank had intervened overnight on the Asian markets, also lifted the dollar against the mark, dealers said. 66. The Dublin accord also served to lift the dollar against the mark. 67. The dollar was lifted Monday by speculation about a coming boost in US interest rates and comments from a Bundesbank official suggesting German rates need no boost. |