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Investment Figures of the Week
Investment Figures of the Week
It was "beat the dollar" week all around the world. Even sharply higher
interest rates in the U.S. could not stop the drubbing of the dollar, which
fell against the yen and the mark. The currency woes overshadowed good news in
earnings and takeovers. In the U.S. equity markets, big- and mid-cap stocks
finished the week little changed. Yields of three-month Treasury bills climbed
over 4%, reflecting concerns over the economy's strength.