DOLLAR FALLING
J (Press Assn.-
AT LOWEST LEVEL PROBABLY FORCE FRANCE AND SWITZERLAND OFF GOLD i I - STERLIN'G RATE UP
-By Telegrapli — Copyriglit).
i Rec. June 8, 5.5 p.m. London, June 7 The Daily Telegraph says that the dollar exch'ange reached 4.07 on Wednesllay. The dollar has neyer been ; worth so little in London since Great j Britain left the gold standard. Wedj nesday's rate represents a fall of 60 | cents since America abandoned gold. I The latest decline is attributed to | speculative selling, particularly from j New York. There is also an impresi sion in the market that official operaj tions in America are forcing sterling j rate up. ! The Daily Express city editor says i that it is not improbable that if the i dollar depreciates further, Switzer1 land will abandon the gold standard next week and France will follow. ■
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/RMPOST19330609.2.25
Bibliographic details
Ngā taipitopito pukapuka
Rotorua Morning Post, Volume 2, Issue 553, 9 June 1933, Page 5
Word count
Tapeke kupu
142DOLLAR FALLING Rotorua Morning Post, Volume 2, Issue 553, 9 June 1933, Page 5
Using this item
Te whakamahi i tēnei tūemi
NZME is the copyright owner for the Rotorua Morning Post. 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 NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in