Word: greenback
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Dates: during 1980-1989
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...stocks, fueled in part by billions of dollars in Japanese investment money, recovered quickly, and the Dow closed the week at 2390.34, a record. In Tokyo money markets, the price of the U.S. dollar slumped to a doleful 144.7 yen, the first time in postwar history that the greenback was worth less than 145. Only 15 months ago it was 200. As tempers cooled by the end of the week, however, the dollar had climbed back...
...that expected rise in economic activity will be the result of the falling value of the U.S. dollar, which has declined 20% against the Japanese yen and 21% against the West German mark in the past year. Heller pointed out ( that the Reagan Administration's policy of allowing the greenback's value to fall against those currencies has finally begun to stimulate U.S. exports by making American products less expensive overseas. That may soon improve the distressing U.S. trade deficit, which reached $170 billion last year. Nonetheless, the trade statistics do not yet show a clear-cut trend. Figures released...
...that is hardly guaranteed. When measured against a wider group of currencies, the dollar is stronger than it seems. The greenback has fallen in value by just 6.8% against the Taiwanese yuan and has risen 4.3% against the Korean...
...financial world in a tizzy last week. Buy and sell orders for the currency flooded into markets around the world, propelled by gusts of verbiage that flew between Washington and its major foreign economic allies. Money traders from Sydney to London to San Francisco whipsawed the value of the greenback before it settled down somewhat at week's end, 2.4% higher against major currencies than the week before...
America's allies, who would prefer that the U.S. restrain domestic demand by cutting its budget deficit, jawboned back. European finance ministers and central bankers met on Sept. 21 at the Scottish resort of Gleneagles, and word leaked that the Europeans might intervene to prop up the greenback. The dollar thereupon rebounded...