11. The Australian currency also strengthened against the yen as Japanese investors bought Australian bonds, seeking higher yields than those available at home, traders said. 12. The currency has strengthened as investors swap dollars for pesos to buy Mexican treasury bills or shares, traders said. 13. The currency may strengthen in the coming days, dealers said. 14. The dip in the dollar came after the Bundesbank denied it wanted the U.S. currency to strengthen any more. 15. The dollar fell against the yen as the deutsche mark slipped against the Japanese currency on the view that the German currency has strengthened enough, traders said. 16. The U.S. currency also strengthened against the German mark. 17. Those orders were designed to limit losses for investors who bet the U.S. currency would strengthen. 18. When the U.S. currency strengthens it improves the returns foreign investors receive on U.S. securities, making bonds more attractive. 19. Prime Minister Chuan Leekpai said Wednesday that if the Thai currency strengthens too much, the dramatic recent gains in exports may suffer. 20. Also, currencies are strengthening and interest rates falling, which could help ease debt repayment problems that fueled the crisis in the first place. |