LOW LEVEL OF STERLING
THE DECLINE CONTINUES
OFFICIAL SUPPORT ABSENT
SPECULATION ONE FACTOR
EFFECT OF, WAR DEBT ISSUE
By Telegraph—Press Assn.— Copyright. New York, Nov. 29. A new low level was reached by sterling to-day, closing 4 3-8 cents lower at 3 dollars 15 9-16 cents. Official support was not evident and dealers attributed the downward trend to the foreign war debt situation. Speculative manipulations also may have been a factor. The Canadian dollar closed 7-8 cents higher at 84 cents. A London cable states that sterling has dropped to 3 dollars 16J cents on the foreign exchange market.
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Bibliographic details
Taranaki Daily News, 1 December 1932, Page 5
Word Count
99LOW LEVEL OF STERLING Taranaki Daily News, 1 December 1932, Page 5
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