Business: Smaller Dollar for a Bigger Yen

Stronger against the mark, but a hard kick in Tokyo

Considering the behavior of currency markets since December, last week had to be counted as one of the dollar's best. After hitting new lows with monotonous regularity, the greenback suddenly rose against the superstrong West German and Swiss currencies, reaching 2.05 deutsche marks and 2.0 Swiss francs, v. lows of 1.98 and 1.75 two weeks ago. The rise accelerated at week's end after President Carter announced that U.S. and German officials have been conferring by telephone about concrete new plans for strengthening the dollar;...

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