• Short Summary

    ROME, ITALY

    Intense activity on the Rome money markets on Tuesday (16 February) reflected the nervous state of European currencies facing pressure from high U.S. interest rates.

  • Description

    1. GV EXTERIOR/SV PAN Main entrance of Borsa Valori, Italian Stock Exchange (2 shots) 0.13
    2. SV Brokers on stock exchange floor bidding PAN Board showing Bank currency rates 0.35
    3. CU Board PAN new rate of lira (1275.30 to the dollar) 0.48
    4. SV Brokers on telephone 1.00
    5. GV Board PAN brokers on Stock Exchange floor 1.10
    InitialsBB


    Script is copyright Reuters Limited. All rights reserved

    Background: ROME, ITALY

    Intense activity on the Rome money markets on Tuesday (16 February) reflected the nervous state of European currencies facing pressure from high U.S. interest rates. During dealing at the Rome Stock Exchange, the Italian lira went to a new high of 1275.30 against the dollar -- a rise of two per cent in two days. European nations have long been pressing the United States to do something about high interest rates which, they say, has been draining investment out of Europe and boosting the dollar against European currencies. One outcome is that European nations are having to pay more for oil imports, since oil prices are calculated in ever-more-expensive dollars.

    Source: REUTERS - ANGELO FIORI

  • Tags

  • Data

    Film ID:
    VLVA6YSSMUJGBMYBPY9K3OQF3HRGA
    Media URN:
    VLVA6YSSMUJGBMYBPY9K3OQF3HRGA
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    17/02/1982
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:11:00
    Time in/Out:
    /
    Canister:
    N/A

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