FALL OF DOLLAR
ATTRIBUTED TO GOING OFF GOLD (Aus. & N.Z. Cable Assn.) (Received June 8 at 8 p.m.) LONDON, June 8. The “Daily Telegraph” says that the dollar exchange reached 4..07 to the £1 on Wednesday. The dollar has never been worth so little in London since Britain left the gold standard Wednesday’s rate represents a fall of sixty cents since America abandoned gold. The lastcst decline is attributed to speculative selling, particularly from New York. There is also an impress ion in the market that official ©per’ ati’ons in America are forcing the sterling rate up. ABANDONMENT OF GOLD STANDARD. (Received June 8 at 9 p.m.) LONDON, June 8. The city editor of the li Daily Ex press” says it is not improbable if the dollar depreciates further that Switzerland will abondon the gold standard next week. France will follow.
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Bibliographic details
Grey River Argus, 9 June 1933, Page 5
Word Count
141FALL OF DOLLAR Grey River Argus, 9 June 1933, Page 5
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