TRADE, EXCHANGE RATES AND RESERVES
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TRADE, EXCHANGE RATES AND RESERVES In the week to September 10th the dollar fell against the yen, to ¥119.1, following criticism by Larry Summers, America's deputy treasury secretary, of Japan's trade surplus. The D-mark slipped on September 8th on poor unemployment figures, but ended the week barely changed in trade-weighted terms; sterling lost 0.7% as interest-rate rises looked less likely.
This article appeared in the Economic & financial indicators section of the print edition under the headline “TRADE, EXCHANGE RATES AND RESERVES”
From the September 13th 1997 edition
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