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San Antonio Light in San Antonio, Texas

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Newspaper

San Antonio Light

Location

San Antonio, Texas, United States of America

Date

Mar 12, 1973

Page

4

Questions on Dollar Crisis Insight into why the dollar weakened

United Press International outlines why a dollar crisis happened due to U S inflation and balance of payments deficits. It notes Eurodollars held abroad, actions by West European governments and Japan to stabilize the dollar, and the potential for renewed problems if inflation or deficits persist. It also cites Quebec poultry and hen figures rising 1.8 percent to 24.4 million as of June 1972.

United Press International Europe U.S United States Japan

Europeans float currencies as dollar steadies gold drops

In Brussels the six Common Market nations including West Germany France Belgium Luxembourg Netherlands and Denmark agreed to float their currencies removing fixed dollar parity. The move aims to calm the international monetary storm after a 17 day market shutdown. Gold fell in London and the dollar firmed in Paris and West Germany.

Brussels UPI Europe West Germany Iubert Trost Vienna Paris Pierre Uti United States U.S Treasury Paul A. Volcker London West Germany Zurich France Belgium Luxembourg Netherlands Denmark Norway Sweden Finland Austria Switzerland Britain Ireland Italy

Also Mentioned on This Page

Anithertatar Hillcrest Drive San Antonio Texas Quebec Statistics Bureau Nixon Msgr John Kuhn St. Matthew's Cathedral Wash G. Kuhn White House Ington Money Developments Blancord Jool Pococo F&w Super Buy MARC W. Josephine Soar Oe Key TO Walker-Ford Singers First Baptist Church Cynthia Clawson Walker Ford Mccullough Dor Jimmy R. Allen Moresge Redwood Chaine Terry Y & Men Aia
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