Currency report
I In another quiet week the) I U.S. dollar closed slightly! | firmer against most cur-! rencies, according to the weekly foreign exchange re-[ pert from the Bank of New! South Wales, i There was an early) 'marked strengthening after a (reduction in Japan’s trade j surplus for October and a (possible change in sentiment [towards the.dollar after two [weeks of persistent market 'intervention by central banks. Operators were now ) (tending to maintain square ! (positions. However, as the (week passed an easing trend. (was detected although no! new factors were evident. I. ! Sterling has remained) relatively steady; the settle- Iment of the Ford motor! workers strike having little ’ effect. j i The Belgian franc and) Dutch guilder have been!' under some pressure after 11 renewed speculation that 1 these currencies will have to be adjusted within the European joint float.
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Press, 27 November 1978, Page 24
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141Currency report Press, 27 November 1978, Page 24
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