Dollar slide hits 202.80 yen in Tokyo market
The dollar fell to a record low of 202.80 yen in Tokyo and closed at 203.325 after Bank of Japan intervened by buying dollars. Dealers estimate about 50 million dollars were purchased to stem the decline amid selling pressure from foreign banks before the July 4 holiday.
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Nations inch toward fishing ban lift with Canada
The United States may lift its ban on Canadian fishing in U S waters for the rest of the year if Canada allows U S fishermen in its waters. The move aims to end the commercial fishing war as Carter noted the interim agreement would permit fishing while broader maritime talks proceed.
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