Broad advance by U.S. dollar
PA New York The U.S. dollar staged a broad advance against leading world currencies yesterday, reversing early losses as a fresh bout of interest rate jitters swept foreign exchange markets. Gold lost ground to the rising dollar, falling $U57.25 to a late bid of $415.25 a troy ounce. Currency dealers said that traders remained uncertain about Federal Reserve Board policy in the United States, continuing to look for signs that the central bank had moved to make credit scarcer. The dollar’s sharp rebound reflected a change in percep-
tions on the prospects for this action. In New York, the British pound sterling fell to $U51.5304 from 1.5498 late on Friday. Other dollar rates in New York at 4 p.m., compared with late rates on Friday, included: 2.5406 West German marks, up from 2.5128; 7.6375 French francs, up from 7.5618; 2.1042 Swiss francs, up from 2.0755; and 1.2303 Canadian dollars, up from 1.2293. The dollar jumped to 239.88 Japanese yen from a late rate on Friday of 237.15 yen. On the New York commodity exchange, gold for current delivery fell SUS7.SO to close at $415.50 a troy ounce.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/CHP19830629.2.116.3
Bibliographic details
Ngā taipitopito pukapuka
Press, 29 June 1983, Page 21
Word count
Tapeke kupu
192Broad advance by U.S. dollar Press, 29 June 1983, Page 21
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
Ngā mihi
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in