U.S. dollar up
NZPA-AP New York The American dollar rose against most major foreign currencies yesterday but finished the session below its highs of the day as bond market interest rates fell in the United States. With many European foreign exchange markets closed in observance of the May Day holiday, currency analysts said trading was listless and swings in exchange rates were exaggerated. The price of gold, which fell sharply late Tuesday, dropped further in quiet trading. Republic National
Bank in New York said gold bullion was bid at SUS3I3 a troy ounce at 8 p.m. (G.M.T.) down SUSI.2S from the late bid on Tuesday. By the end of the trading day the dollar had slipped to 252.125 Japanese yen (from 252.25 yen late Tuesday). The British pound was quoted at $1.2325 ($1.2360). In Wellington currency trading opened quietly yesterday following a quiet day in New York. The New Zealand dollar opened at $U50.4530/40, virtually unchanged from Wednesday. Dealers said trading was thin.
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Press, 3 May 1985, Page 8
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163U.S. dollar up Press, 3 May 1985, Page 8
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