1. At that time, the U.S. currency was trading just above post-World War II lows. 2. Concern about regional currency stability and a debate about where the currencies should trade have sent all five into a spin in recent days. 3. Export earnings are also likely to be hurt as the Brazilian real remains relatively stable against the U.S. dollar and Asian currencies trade a record low rates. 4. Gold prices have been consistently depressed as world currencies increasingly trade against each other rather than rely on precious metals for backing. 5. Furthermore, he added, currency trading, from which traders in the market for bonds with long maturities have taken direction lately, was stable Wednesday. 6. Other companies are performing functions handled previously by banks, including credit checks, foreign currency trading and credit card and check processing. 7. Still, analysts said Hong Kong would remain vulnerable to speculative attacks as long as its currency traded higher than those of its neighbors. 8. The currency did not trade Friday, the Shavuot holiday. 9. The currency has traded the top of its foreign exchange trading band all week as investors anticipate a negative decision from Washington. 10. The currency does not trade on Sunday. |