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Dollar Slips On London Market In Turbulent FX Day
In a volatile session, the dollar fell against the West German mark and other currencies after a surge of dollar selling. Frankfurt quotes 3.3960 marks, while markets abroad showed mixed moves as IMF reports spurred speculation. Frankfurt and Tokyo activity reflected broader currency realignments under new U.S. policies.
MENTIONED IN THIS ARTICLE
Harry Hobbs
London
Frankfurt
Europe
Nixon
International Monetary Fund
IMI
Japan
U.S
Washington
Karl Schiller
IMF
Tokyo
Switzerland
Austria
France
Italy
Financial Times
West Germany
Portugal