At the same time, shorts were in no hurry to take profits, expecting a further decline, There is less expectation now than a few months ago that the United States Government will protest strongly against any drastic cheapening of "free" sterling, unless the cheap rates invite dumping of competitive British products in the United States or world markets, The French franc established a historic low, opening at 1.93 and closing at.1.91%, compared with yesterday's level of 1.93%.
The Shanghai dollar was again supported, remaining unchanged from yesterday's final level of 4.80.
The Hongkong dollar continued to be depressed.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.