US dollar takes its lumps: Greenback, stocks get clobbered in wake of G7's flexible-currency statement
Article Abstract:
The rates of US dollar, stocks and bonds showed a decline after the Group of Seven industrial nations' call for flexible exchange rates to promote smooth and widespread adjustments in the international financial system shook the faith of investors. The Dow Jones industrial average of blue-chip stocks sank 109.41 points to 9,535.41.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2003
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Dollar flirts with 85 cents
Article Abstract:
The Canadian dollar breached 85 cents (U.S.) on November 25, 2004, as economists warned that the currency's 12-year high would inflict pain on manufacturers. The Canadian currency ended the day at 84.92 cents, up 0.20 cents from November 24, 2004, its highest close since February 10, 1992.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2004
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