51. Without the direct support of the government, the currency weakened -- a development that will make the products of Venezuelan companies relatively more attractive to foreign buyers. 52. Yields on Mexican short-term treasury bills rose to a two-month high on concern the Mexican currency might weaken against the U.S. dollars before upcoming elections. 53. Also, he said, regional prospects are poor for the next couple of years and foreign investors are worried that Southeast Asian currencies will weaken further. 54. Asian currencies weakened across-the-board yesterday amid fears the region will plunge into a recession following financial turmoil. 55. As the currency weakened and government-set prices rose, the Central Bank raised interest rates to keep inflation from soaring out of control. 56. But the currency weakened later when the United States said there was no compromise. 57. He pointed out that currencies weaken only if currency traders sell them for US dollars. 58. Investors typically buy gold when currencies weaken. 59. Japanese officials, though, have warned that their currency may have weakened excessively against the dollar, suggesting possible yen-buying intervention. 60. Latin American currencies weakened on persistent fears the U.S. Federal Reserve could raise interest rates soon to curb possible inflationary pressure. |