STERLING RISES IN VALUE.
HEAVY NEW YORK DEMAND.
NEW YORK, April 13,
The pound sterling rose 2 5-16 cents in the heavy trading to-day to close at the cable late of 3 dollars 43% cents. The Canadian dollar was % cents stronger at 83%. Foreign exchanges generally rose sharply in relation to the American dollar, especially European gold currencies, the pound and the Canadian dollar. French francs enjoyed the best gains for many months, rising 4 5-16 points to the cable rate of 3 dollars 99 cents, the highest rate in recent years. ' New high levels for a year also were recorded by Dutch guilders, which rose 22 points to 40.08. Belgian belgas rose 15% points to 14.11, and Swiss francs advanced 23 points to 19.60. Scandinavians also rose. The rises are attrrouted by some dealers to speculative operations in Europe, based principally upon reports of recent inflation discussions in Washington.
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Bibliographic details
Auckland Star, Volume LXIV, Issue 88, 15 April 1933, Page 4
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150STERLING RISES IN VALUE. Auckland Star, Volume LXIV, Issue 88, 15 April 1933, Page 4
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