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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Nov 29, 1971
Page
16
Representatives of the world’s wealthiest nations gather for a three day meeting in Rome to discuss the international monetary crisis amid cautious optimism. A British delegate suggests no immediate solution while US Treasury Secretary Connally signals a tentative agenda dispute and progress remains uncertain.
Poll shows Nixon's overall rating at 40 percent positive and 5 percent negative on foreign policy with gains since September. Public sees progress in Vietnam and China relations, though Vietnam remains a concern. China relations show improved sentiment after UN move.
In Tokyo a U S dollar falls toward 92.7 yen as markets react to Japan freeing its currency from fixed control. The Rome conference looms as Europe seeks broader monetary talks while the United States pushes for devaluation discussions and realignment of major currencies.
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