U.S. dollar plunges to record lows against yen, mark; Mexico crisis, U.S. deficits cited
Article Abstract:
The US dollar fell to post-World War II lows in Mar 1995, three months after Mexico's peso collapsed. Pres Clinton's $20 billion aid package for Mexico to help the country's economy and the US's increasing budget deficits cause analysts concern about how much further the dollar can fall.
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
Group of 7 ministers discuss currencies
Article Abstract:
Finance ministers and representatives of central banks of the countries that comprise the Group of 7 discussed ways to reverse the dollar's fall and the yen's rise to achieve more balanced international economic relations. The Federal Reserve Bank said it would not raise interest rates.
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
Group of Seven ministers discuss currency crisis
Article Abstract:
The G-7 met on Sep 19, 1992, to discuss Europe's currency crisis, particularly the future of the European Monetary System. The officials agreed on the importance of the long-term stability of exchange-rate relationships.
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: U.S., China reach accord on 'pirated' goods. U.S., China threaten each other with sanctions: U.S. demands action on 'pirated' goods
- Abstracts: Salinas's brother linked to slaying. U.S. judge rejects Ruiz deportation. Suspects arrested in Colosio slaying
- Abstracts: Suspect with antigovernment views arrested in Oklahoma City bombing; 2 others held as witnesses. Oklahoma City bombing; 2nd suspect charged; chemist arrested