Germany raises key interest rate

Article Abstract:

Germany's national bank raised the discount interest rate to 8.75% Jul 16, 1992, its highest level since 1931. The US dollar hit a record low against the mark, but was propped up by international central banks. The Bundesbank increased the rate to stabilize the German economy.

Germany, Interest rates

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Yen hits record high against dollar

Article Abstract:

The Japanese Yen has risen 12% in 1993. The increase is thought to be fueled by Pres Clinton's plan to weaken the dollar, which makes US goods cheaper and Japanese products more expensive. The plan is an attempt to narrow the trade deficit gap between the US and Japan.

United States, Analysis, Japan, Japanese foreign relations, United States foreign relations, Yen (Japan)

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Central banks intervene in currency markets in attempt to boost sagging U.S. dollar

Article Abstract:

The central banks of the US, Germany and Japan spent around $1 billion buying US dollars on Apr 5, 1995, in an effort to boost the dollar's value. The US dollar has decreased 14% against the yen and 11% against the mark since Jan 1995, reaching post-World War II lows.

Economic aspects, International aspects, Central banks

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