1. Also buoying the currency will be Japanese opposition to large declines, traders said. 2. A sale of British government bonds, or gilts, also drew enough demand to buoy the currency, traders said. 3. Stronger demand at a sale of British government securities, or gilts, also buoyed the currency, traders said. 4. Strengthening gilts meanwhile buoy the currency still further. 5. The potential for higher rates buoys the currency, since it would increase returns on sterling-denominated deposits. 6. The U.S. currency was buoyed against the deutsche mark by speculation the Bundesbank could cut German interest rates as early as next week. 7. Many players anticipated that central banks of major industrial nations may again join forces to buy dollars following their successful attempts last week to buoy the currency. 8. Southeast Asian currencies also were buoyed in early trading by the strengthening yen. 9. The currency was buoyed by a government-decreed rise in interest rates. 10. The U.S. currency was buoyed by the weaker Japanese yen and growing corporate demand for the dollar, traders said. |