41. German authorities want the mark to fall to improve the competitive position of German exports, he argued. 42. He noted that the mark had fallen against all European currencies on profit taking last week. 43. He said the French authorities should be alarmed by the move, particularly as the mark fell against most currencies except the franc. 44. In London, the dollar jumped and the German mark fell sharply after Yeltsin sacked Lebed. 45. In Paris, the mark fell against the dollar after the breakdown of pay negotiations between German unions and employers. 46. A rise in German unemployment, which was announced on Thursday, caused the mark to fall against the French franc and the peseta. 47. Despite the fall in the dollar, the mark fell against most European currencies, apart from the Swiss franc. 48. The rise of the dollar caused the mark to fall against the lira, the Norwegian krona and the Finnish markka, the analyst said. 49. The strength of the dollar caused the mark to fall and this pushed up the French franc. 50. They said that the mark would have fallen under such conditions because Germany is heavily committed to widespread reforms in Russia. |