Word: pound
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Dates: during 1980-1989
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...importation of more cars from Japan would probably raise the U.S. trade deficit and could hurt the dollar, which was already sliding rapidly last week. The British pound, worth just over $1.03 on Feb. 26, fetched $1.24 on Friday. In all, the dollar has lost 6% of its value against the currencies of major U.S. trading partners in the past three weeks. "It's never been as wild as this," says Christine Patton, a senior vice president of Manufacturers Hanover Trust who runs that bank's foreign exchange operations...
Intrigue is not new to Fox. Indeed, the dramas inside the company have often been more riveting than those that have come out as movies. Darryl F. Zanuck, one of the founders, caused hearts to pound just by walking down the hall. Zanuck left in 1956, but returned in triumph six years later, following a boardroom coup in the wake of the Cleopatra debacle. He made his son Richard president, then kicked him out, only to be forced aside himself a few months later. (Richard had another stint at Fox, and coproduced such films as The Sting and Jaws.) While...
...Simmons, who did the catching for the Brewers, was impressed with the 5 foot 11, 185-pound left-hander...
...tempered by worries about the fate of the dollar, which last week gyrated wildly. At first, it took off on its swiftest, steepest climb since 1978. By Tuesday afternoon it had risen 2% against the West German mark and the French franc and more than 3% vs. the British pound, which sank to an all-time...
...senior Administration official: "We spent tens of millions and the Europeans spent hundreds." By Wednesday afternoon the banks had unloaded at least $1.5 billion and sent the high-flying dollar into a nose dive. It dropped 4% compared with the mark and franc and 6% against the British pound. Even Queen Elizabeth II seemed stunned by the pound's sudden swings. Said she: "It all happens so frightfully quickly...