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A Finnish move jars markets.

Authors :
Stevenson, Richard W.
Source :
New York Times. 9/9/92, Vol. 141 Issue 49084, pD1.
Publication Year :
1992

Abstract

Reports that a decision by Finland to devalue its currency rippled through the world's financial markets, setting off yet another surge in the value of the German mark and pushing most European stock prices lower. The rise in the mark sent the dollar down again in trading in London. Fears that the corresponding decline of most other currencies would force Italy, Britain and other nations to raise interest rates rattled equity markets in Europe.

Subjects

Subjects :
*FOREIGN exchange

Details

Language :
English
ISSN :
03624331
Volume :
141
Issue :
49084
Database :
Academic Search Index
Journal :
New York Times
Publication Type :
News
Accession number :
9210191247