CURRENCY REPORT
U.S. dollar eases The United States dollar .eased last week broadly reflecting the belief that American interest rates are heading temporarily downward. • i In Europe, sterling gained; against the dollar, its trade I weighted depreciation rate contracting to 38.3. The French franc also recovered. linked to higher Paris call money rates and official indications that retail price rises are slowing.
In the United States the dollar eased, reflecting falling interest rates, the lingering effects of the recent news of the U.S. June trade deficit, and the deceleration in the rise of leading U.S. economic indicators. However, it is not considered that the U.S. dollar will weaken much further considering the strength of the U.S. economic recovery, and the Federal Reserve Board policy which may push up interest rates.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19760803.2.154
Bibliographic details
Press, 3 August 1976, Page 24
Word Count
130CURRENCY REPORT Press, 3 August 1976, Page 24
Using This Item
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 BY-NC-SA 3.0 New Zealand licence. 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
This newspaper was digitised in partnership with Christchurch City Libraries.