1.   Jean-Claude Trichet, Governor of the Bank of France, said further interest rate cuts are likely as the franc continues to strengthen against the mark.

2.   Frost said that the franc should continue to rally in the next few days.

3.   He said that the franc continued to rise because the mark was weak owing to a slowing of the German economy.

4.   Inflation was twice as high as in Germany, the main French trading partner, and despite an initial devaluation, the franc continued to weaken.

5.   Cocker said the French franc should continue to trade within a narrow range until the inter-governmental conference on EU institutions in Turin at the end of March.

6.   Some operators are starting toi look for Bank of France intervention if the franc continues to weaken.

7.   The dollar rose smartly against the German mark on Thursday on the London forex market, while the French franc continued to weaken.

8.   The dollar slipped under the effect of profit taking and the franc continued on its downward path.

9.   The French franc continued its convalescence, gradually overcoming its plunge caused by the surprise resignation last Friday of French Economics and Finance Minister Alain Madelin.

10.   The French franc continued to firm against the mark in early trading on Tuesday on sentiment that the Bundesbank might cut its key interest rates.