21.   Lower German rates would tend to diminish demand for the mark and instead could strengthen the dollar.

22.   Lower German rates would tend to diminish demand for marks and could further strengthen the dollar.

23.   Lower rates in Germany would tend to diminish demand for German marks, weakening that currency against the dollar.

24.   Lower rates in Germany would tend to diminish demand for marks and indirectly boost the dollar.

25.   The dampened demand for bonds diminished demand for dollars needed to purchase them.

26.   The market weakness diminished demand for dollars.