$US firm
NZPA-Reuter New York The American dollar finished higher after a morning bout of short covering on Friday (early Saturday, N.Z. time). The U.S. currency has managed to hold above key support levels, which also prompted some buying. “The inability to get through 1.84 marks makes being short not productive,” said Ms Linda McLaughlin, a VicePresident of Chemical Bank. The dollar ended at 1.8575/85 Deutsche marks, up from 1.8470/75 on Thursday. The dollar finished at 142.40/50 yen, up from 141.80/90 at Thursday’s close. Continued yen weakness against the Deutsche mark and dollar contributed to the over-all firmness of the U.S. currency. Strong Japanese institutional investor buying interest has helped limit the dollar’s down side.
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Press, 23 October 1989, Page 12
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115$US firm Press, 23 October 1989, Page 12
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