DOLLAR EXCHANGE
FURTHER FALL IN LONDON EFFECT ON CONTINENT , LONDON, Juno S. The "Daily Telegraph" says the dollar exchange reached 4.07 on Wednesday. Tho dollar has never been •worth so little in London .since Britain left the gold standard. Wednesday's rate represents a fall of 00 cents since America abandoned gold. Tho latest decline is attributed to s neon hi tors selling, particularly from
Now York. There is also an impression in tho market that official operations in America are forcing the sterling rate up. Tho city «aitor of the "Daily Express" says it is not improbable, if the dollar depreciates further, that Switzerland will abandon the gold standard next week. Franco'will then follow.
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Bibliographic details
Evening Post, Volume CXV, Issue 134, 9 June 1933, Page 7
Word Count
114DOLLAR EXCHANGE Evening Post, Volume CXV, Issue 134, 9 June 1933, Page 7
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