81. The dollar is supported by higher U.S. interest rates and a stronger economy, which may lead to further rate increases in the months ahead. 82. The dollar was supported against the deutsche mark by expectations the Bundesbank will cut German interest rates to spur an economic growth, traders said. 83. The dollar was supported also because of the strength of the U.S. economy. 84. The dollar was supported by a report showing U.S. inflation remains subdued,. 85. The dollar was supported by Japanese purchase of Australian dollars for yen, traders said. 86. The huge gap between U.S. and Japanese interest rates often supports the dollar. 87. The New York Fed said that in both instances the intervention was part of a concerted effort among central banks to support the dollar. 88. The recent rallies in the U.S. stock and bond markets helped support the dollar, traders said. 89. The recent strong rallies of U.S. stock and bond prices also are supporting the dollar, currency market participants said. 90. The prospect for lower German rates is supporting the dollar, he added. |