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The American dollar under pressure from global corporate trading
European executives move dollars to protect reserves by buying francs and marks in multi million deals. About 50 billion dollars circulate in Europe with 40 billion in eurodollars. Large firms use high priced talent to maximize returns, while backstreet money changers amplify fluctuations but rarely trigger crises.
MENTIONED IN THIS ARTICLE
London
U.S
President Nixon
Kurt Hansen
West Germany
Bayer
Europe
United States