71. The Philippine peso closed lower against the dollar in heavy trading, mostly by banks seeking to shore up their dollar positions. 72. The yen strengthened Tuesday as overseas funds tried to make up for losses on their Russian investments by taking profits on dollar positions, dealers said. 73. The U.S. currency was also hurt by bouts of selling by players anxious to dump part of their large dollar positions, they said. 74. The U.S. dollar rose against the yen Thursday morning as many traders adjusted dollar positions amid continuing uncertainty over Russian financial markets. 75. They said more and more private Indonesian companies and banks had settled their offshore obligations with rupiah, which forced offshore parties to cover short dollar positions. 76. Traders said investors who had held short, or oversold, dollar positions ahead of the election were now buying back the U.S. currency. 77. Traders said some institutional investors covered short, or oversold, dollar positions, bringing the currency higher than its New York level. 78. Traders said some U.S. investors covered short, or oversold dollar positions during morning trading Tuesday. 79. Traders said the dollar rose as investors bought back the U.S. currency to cover their short, or oversold, dollar positions from earlier this week. 80. Trades remained in a narrow range as many investors were adjusting their dollar positions. |
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