1. Currency market participants have focused keenly on stocks and bonds since they plunged last Friday. 2. Still, some economists said the new foreign exchange coordination in the Asia-Pacific would have some psychological effect on currency market participants. 3. Currency market participants also said the renewed strength of the German mark has started to weigh on the dollar. 4. Currency market participants said the advance in American securities prices, if sustained, could bring international capital flows back to the United States and lift the dollar further. 5. Some currency market participants believe that a significantly steeper figure could compel the Fed to soon move ahead with another rate increase. 6. French Finance Minister Jean Arthuis on Wednesday did not rule out the use of sanctions on single currency participants following loose budgetary policies. 7. Under Maastricht, single currency participants are required to have two years of stable exchange rates. |
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