1. Central banks in Thailand, Singapore, Indonesia and the Philippines sold dollars to buy their local currencies this week, traders said. 2. Hong Kong has already made back the money it spent defending the currency this week, even as stock markets around the world were still paying the price. 3. That theory gained some currency this week when The Associated Press reported that Samaranch had begun to express his concerns about a revolt from the inside. 4. The central bank has also been trying to shore up the currency this week by raising liquidity targets within the banking system, a move that makes pesos scarcer. 5. The dollar was little changed, as holidays in Britain and Japan delayed what traders expect will be a gradual move higher for the U.S. currency this week. 6. The yen also slumped against the deutsche mark, Swiss franc and other currencies this week. 7. The government is hoping to prop up the currency this week by forcing some major banks to sell dollars at a government set rate. 8. The mark was strong against other European currencies, boosted by nervousness following the devaluation of Spanish and Portuguese currencies this week. 9. Yet, German officials and business executives are playing down a trend that has sent the mighty mark to six-year lows against the U.S. currency this week. 10. The Nigerian currency, the naira, was stable against major international currencies this week on both the official and parallel markets, dealers said. |