ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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United Kingdom-High Stakes

October 20-27, 1984 Federal fund rates, a key indicator of the US interest rates, has been on the decline. Federal funds are being traded at between 10 and II per cent as against between 11 and 12 per cent a month earlier. Does it mean that the strength of the dollar is no longer dependent on the differential interest offered? Or at least, not as dependent?

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