41. A rising dollar in currency markets makes U.S. exports more expensive in foreign markets and imported goods cheaper for Americans to buy. 42. A strong dollar in the currency markets also buoyed Treasury prices. 43. A weak dollar in the currency markets and expectations of further Federal Reserve rate increases contributed to the mood. 44. After a week of turmoil in world currency markets, the spotlight is on the Clinton Treasury Department. 45. Additional support for bonds came from the dollar, which rebounded sharply in the world currency markets after being hammered all week. 46. After two unsuccessful interventions in the spring, administration officials have concluded that the best way to influence currency markets is to ambush them. 47. Brookes of Goldman, Sachs said the initial effect of all this on currency markets might be minimal. 48. But he emphasized that this was not a rate the Mexican central bank intended to defend by interventions in the currency markets. 49. But Japan did join with the United States Friday in intervening in the currency market, buying dollars and selling yen. 50. But the dollar is significant because its value on currency markets will influence whether foreign investors will want to buy assets valued in dollars, like stocks and bonds. |
|