1.  The effects of labour shortages and the appreciating currency was not restricted to the growth rate and investment activity.

2.  An appreciating currency in a country with a voracious appetite for things foreign is unnatural.

3.  Hurt by rising interest rates and a rapidly appreciating currency, Japanese industrial production slid for four years.

4.  Yen weakness makes yen-denominated debt less attractive relative to securities denominated in appreciating currencies.

5.  But Gdansk officials said the losses could be attributed to an appreciating local currency that rendered international shipbuilding contracts worthless.

6.  Thepeso meanwhile started stronger yesterday, mimicking appreciating currencies in the region, dealers said.