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To: waldo who wrote (20403)	10/2/1998 9:16:00 AM
From: Giraffe	Respond to of 116874

Friday October 2, 8:55 am Eastern Time (Note: this article is ''in progress''; there will likely be an update soon.) Dollar opens US sharply lower, steadies after data NEW YORK, Oct 2 (Reuters) - The dollar opened sharply lower as investors fearing deeper global financial woes continued to shed exposures in global equities, and amid expectations of lower U.S. interest rates, dealers said. Traders said dollar/mark sank to a 19-month low overnight as European stocks reeled in followthrough to the Dow's 210 point loss on Thursday. Concerns over banks' exposures to hedge funds put banking stocks under the heaviest selling pressure. The dollar's negative bias was exacerbated only briefly after data showed U.S. non-farm payrolls grew by 69,000, well-below an average forecast for a 187,000 rise. (Note: this article is ''in progress''; there will likely be an update soon.)