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.

United States, Commodity & service prices, Prices and rates, Dollar (United States), Blue chip stocks, Company pricing policy

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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.

Canada, Foreign exchange, Foreign exchange rates, Comparative analysis, Dollar (Canada)

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