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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Bill Ounce who wrote (4557)	6/17/1998 11:02:00 AM
From: Bill Ounce	Read Replies (2) \| Respond to of 9980

USA intervenes to boost yen U.S. intervenes to bolster yen [...]WASHINGTON - In the latest sign of the seriousness of the Asian crisis, the United States intervened in currency markets Wednesday, selling dollars in an effort to bolster the sagging Japanese yen. It marked the first time the Clinton administration has ever sold dollars in an effort to support another currency and underscored the concerns the administration has about the deepening economic troubles of the world's second-largest economy. [...] usatoday.com Asian stocks rally on stronger yen [...]HONG KONG - Most Asian stock markets closed sharply higher Wednesday, reacting to a stronger yen and speculation that Washington will step in to prop it up further. [...] usatoday.com