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.
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United Press International
Europe
U.S
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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.
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Finland
Austria
Switzerland
Britain
Ireland
Italy
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