Currency report
The U.S. dollar was weaker last week, in active trading, against most currencies, according to the diary kept by the London foreign exchange department of the Bank of New South'Wales. The decline reflects market sentiment that the dollar will continue to weaken in spite of the statement by the Secretary of the Treasury (Mr Blumenthal) affirming the strength of the U.S. economy. Sterling gained because of the U.K. Government’s financial package.
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Press, 31 October 1977, Page 26
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73Currency report Press, 31 October 1977, Page 26
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