UNITED STATES DOLLAR
DECLINE IN VALUE SPECULATORS SELLING. LONDON, June 8. (Received June 8, at 5.5 p.m.) The Daily Telegraph says: “The dollar exchange reached 4.07 yesterday. The dollar has never been worth so little in London since Britain left the gold standard. Yesterday’s rate represents' a fall of 60 cents since America abandoned gold. The latest decline is attributed to speculators selling, particularly from New York. There is also an impression in the market that official operations in America are forcing the sterling rate up.” EFFECT OF DEPRECIATION DEPARTURES FROM GOLD LIKELY. i „ LONDON, June 8. (Received June 8, at 7 p.m.) The city editor of the Daily Express says that it is not improbable that if the dollar depreciates further Switzerland will abandon the gold standard next week, and that France will follow.
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Bibliographic details
Otago Daily Times, Issue 21975, 9 June 1933, Page 9
Word Count
135UNITED STATES DOLLAR Otago Daily Times, Issue 21975, 9 June 1933, Page 9
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