Word: yen
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Dates: during 1970-1979
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...last December's tumultuous plunge of the greenback was the worst since the currency upheavals of 1973, its place in the recordbooks was short-lived indeed. Last week the dollar bears were again on the prowl, clawing the bleeding buck to new and worrisome lows against the Japanese yen and nearly all the major trading currencies of Europe...
...pronounced American yen for romanticism and sentiment has surfaced intermittently in one place or another for several years now, but it is finally blooming in virtually every zone of the social spectrum, in folkways and cultivated appetites, among middlebrows and highbrows alike. Take America's dance floors-often a useful symbol of how people view themselves...
...sharpest overnight dollar rise ever recorded there. In Frankfurt, where the dollar had sagged to a record low of 2.07 marks during its autumn-long slide, it abruptly recovered to nearly 2.16, also a record rise. In Tokyo. where the dollar had fallen to a postwar low of 237 yen on Wednesday, it promptly rebounded...
...thing Egypt can always rely on is its own glittering past. The pyramids and temples that awed adventurers from Caesar to Napoleon are irresistible still, magnets for tourist dollars, marks and yen that Egypt must have to help surmount its present problems. "Egypt is a dusty city and a green tree," said Amr ibn al As, the Arab general who conquered the country for Islam's warriors in the 7th century. "The Nile traces a line through the midst of it; blessed are its early-morning voyages and its travels at eventide...
...dollar. After slipping steadily in value all autumn, last week it went suddenly into a free-fall plunge that sent it skidding to postwar lows on money markets from Tokyo to Frankfurt. When the dust finally settled at week's end, a dollar could buy only 241 Japanese yen, 2.14 deutsche marks or 2.06 Swiss francs. Since January the dollar has lost 22% against the yen, 19% against the Swiss franc and 11% against the mark. Nor has the once mighty greenback been dropping only against those traditionally strong currencies; lately it has also lost ground against the anemic...