TRADE, EXCHANGE RATES AND BUDGETS
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TRADE, EXCHANGE RATES AND BUDGETS The euro hit a three-month high of 1.0796 against the dollar on August 4th. In trade-weighted terms, though, it was almost unchanged on a week earlier. The yen's trade-weighted value rose by 1.0% on the week. The euro area's visible-trade surplus in the 12 months to May was revised down to $80.0 billion.
This article appeared in the Economic & financial indicators section of the print edition under the headline “TRADE, EXCHANGE RATES AND BUDGETS”
From the August 7th 1999 edition
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