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Table: Trouble Spots In The Currency Market


Cover Story

TABLE: TROUBLE SPOTS IN THE CURRENCY MARKET

ARGENTINA

Inflation is low, but investors are fleeing. To keep interest rates high and

preserve the peso's hard link to the dollar, President Menem may trigger a

recession.

CANADA

To keep worries about massive deficits from triggering a currency rout, the

Bank of Canada will have to keep rates high.

ITALY

The lira is sliding amid concerns over a $1.2 trillion national debt and

political chaos. Some think a debt default is possible.

FRANCE

High unemployment and rising budget deficits are weakening the franc's ties to

the German mark.

MEXICO

The peso continues to skid as investors turn thumbs-down to government's rescue

plan. Even $18 billion in international aid may not help.

SPAIN

Central bank is raising rates as political concerns push the peseta to a record

low against the German mark. More depreciation is likely.

DATA: BUSINESS WEEK


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