Data lifts $US
NZPA-Reuter New York The US dollar advanced in very thin pre-holiday trading on Friday (early Saturday N.Z. time), lifted by stronger-than-expected U.S. August employment data. Non-farm payrolls rose 110,000 in August, excluding 108,000 striking communications workers, compared to forecasts of a 51,000 gain. The dollar finished at 1.9770/80 Deutsche marks, up from Thursday’s close of 1.9645/55
Dm, and at 145.65/75 yen, up from 144.95/05 yen. The dollar's finish against the yen was its highest since June 14. Dealers anticipate the dollar will rise further this week. Rumours of discreet intervention by the Federal Reserve on Friday capped the dollar’s gains. The pound closed at $U51.5570/80, down from Thursday’s close of $U51.5680/90. The dollar ended at sCanl.lBl4/19, up from sCanl.l7B4/89.
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Press, 4 September 1989, Page 32
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122Data lifts $US Press, 4 September 1989, Page 32
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