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To: accountclosed who wrote (18177)	2/4/1999 5:51:00 PM
From: yard_man	Read Replies (2) \| Respond to of 86076

biz.yahoo.com Dollar ends U.S. day lower amid spate of rumors NEW YORK, Feb 4 (Reuters) - The dollar fell across the board on Thursday, wiping out early-morning gains as traders reacted to a host of rumors, blamed for sending Treasuries down and adding new volatility to already nervous markets. Most of the market rumors involved the yen and how Tokyo may try to pull its economy out of recession but strong gains for the Canadian and Australian dollars helped steal some of the limelight, dealers and strategists said. At the end of trading, dollar/yen stood at 111.95/00, below the 113.25/35 open and the key 112 yen level. Euro/dollar closed at $1.1333/43 up from $1.1260/65. The dollar made a firm start against the yen as long-term interest rates came off after having hit an 18-month high earlier this week on fears that Tokyo may try to finance its fiscal stimulus plans by flooding the market with bonds. But rumors that Japan's Finance Ministry had been selling U.S. Treasury bonds and urged Japanese investors to do the same to before the financial year-end book closings on March 31 added more volatility to already nervous markets. There had also been talk that the Bank of Japan may underwrite Japanese government bonds (JGBs) to curb rising yields. (Note: this article is ''in progress''; there will likely be an update soon.)