1. Also, some trades between European currencies are done through the dollar, meaning traders sell marks for dollars, then sell those dollars for other currencies. 2. As the French franc weakened, there was speculation during Asian trading hours that the Bank of France sold marks for francs, some traders said. 3. He also sold marks for yen. 4. In selling marks for yen, traders often sell marks for dollars and convert the dollars into yen. 5. In selling marks for yen, traders often sell marks for dollars first and then sell the dollars for yen. 6. In selling the mark for yen, traders often buy the mark for dollars first, then convert dollars into yen. 7. Investors who expected the mark to rise placed such automatic orders to sell marks to limit their losses whenever the currency moves unexpectedly. 8. Investors often sell marks for dollars and then use the dollars to buy yen. 9. Many mark-yen trades are conducted through dollars, with traders selling marks for dollars and then selling those dollars for yen. 10. Many such transactions are conducted through the dollar, with traders selling marks for dollars, then selling those dollars for yen. |