Thursday, October 28, 2010

Dollar Climbs on Fears of Mideast War, Belief Treasury May Support Currency

The dollar rose sharply Nov 3, 1990, sustained by fears of a war in the Middle East and propelled through chief resistance levels by suspicions that major monetary officals may seek to prevent further depreciation of the US currency. Late in the New York trading day, the dollar was quoted at 1.5144 German marks and 134.79 yen.

Full text: Wall Street Journal, Dec 4, 1990

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