{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='WORLD-WIDE: DOLLAR SUFFERS ON WORLD FINANCIAL MARKETS' data-url='/boclips/videos/5c54bdfed8eafeecae1383d9' data-video-url='/boclips/videos/5c54bdfed8eafeecae1383d9' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nWORLD-WIDE: DOLLAR SUFFERS ON WORLD FINANCIAL MARKETS\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eEnglish/NatWall Street opened down nearly five points Tuesday.Market analysts said the dollar's continued weakness is likely to exert downward  pressure on stocks.Earlier in Asian trading, the dollar hit new lows against the Japanese...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eEnglish/Nat\u003cbr/\u003eWall Street opened down nearly five points Tuesday.\u003cbr/\u003eMarket analysts said the dollar's continued weakness is likely to exert downward  pressure on stocks.\u003cbr/\u003eEarlier in Asian trading, the dollar hit new lows against the Japanese yen.\u003cbr/\u003eThe dollar came  in for another battering on world financial markets Tuesday following  yesterday's heavy turmoil.\u003cbr/\u003eOn Wall Street, prices were lower in light trading.\u003cbr/\u003eThe dollar is under pressure because of currency turmoil in\u003cbr/\u003eMexico, the third-largest U.S. export market, and because of the\u003cbr/\u003ebelief that the U.S. Federal Reserve will not raise interest rates.\u003cbr/\u003eOverseas traders say it's hard to find anyone buying dollars - when the markets are  jittery investors rush towards the strong currencies - with the German mark proving a  favourite.  \u003cbr/\u003eFinanciers are looking to the U.S. Federal Reserve for a solution to the dollar crisis to  ensure market confidence returns.\u003cbr/\u003e\"I think the markets will come to the realisation that the Federal Reserve will have to  increase interest rates at some point to defend the currency. The dollar is not a first  rate consideration for the U-S Fed, it doesn't have that direct a feed through to inflation  in the U-S and that is the Federal Reserve's ultimate concern. But they have to look to  preserving orderly market conditions. At the moment conditions in the bond markets are  becoming gradually worse as they look at the currency crisis.\"\u003cbr/\u003eSUPER CAPTION: Eric Fishwick, Senior analyst - International Bank of Japan (London)\u003cbr/\u003eSeveral European currencies also came under pressure in the wake of the dollar crisis.   \u003cbr/\u003eThe British pound fell to a postwar low against the German mark today before  recovering slightly. \u003cbr/\u003eThe only European currency to remain strong was the German mark  boosted by  nervousness following the devaluation of Spanish and Portuguese currencies this week.\u003cbr/\u003e\"The markets are looking for quality and that flight for quality really only means one  thing, that they're buying deutschmarks and liquidating their exposure on European  currencies just as they're liquidating their exposure to dollars, so all of the European  cross-rates are under pressure-the lira and the peseta in fact opened fairly static today  but I would imagine that those currencies and the French franc will slide further against  the deutschmark in European trading today\".\u003cbr/\u003eSUPER CAPTION: Eric Fishwick-Senior analyst - International Bank of Japan (London)\u003cbr/\u003eThe market shrugged off last week's efforts by central banks to bolster the dollar  through concerted intervention. Traders said they believe it's highly unlikely that the  German central bank will jump in again, particularly after Friday's action did nothing to\u003cbr/\u003ebreak the dollar's fall.\u003cbr/\u003eEarlier today as the Tokyo markets opened, the dollar was sitting at an all time low.   Heavy intervention by the Bank of Japan overnight briefly prevented the dollar from  crashing through the floor, but this kind of help isn't expected to continue.\u003cbr/\u003eThe dollar's position is made worse in Japan with its overvalued currency.  A higher yen  makes Japanese exports more expensive abroad and thus less competitive. \u003cbr/\u003eOnce again, government unwillingness to take firm action is being blamed.\u003cbr/\u003e\"The markets do not have confidence in the governments to take action, to correct trade  imbalances and to correct improper valuation of currencies. And until the governments  are in a position to take action that's convincing and reduce some of these surpluses,  then it's not clear what will turn the currency around.\u003cbr/\u003eSUPER CAPTION: Richard Feldman - Solomon Brothers\u003cbr/\u003eAnalysts say sentiment towards the dollar will continue to be mixed unless both the  trade and fiscal deficits of the United States can be resolved.\u003cbr/\u003eThe weak dollar isn't being helped by America's huge trade deficit, its biggest negative  influence.  Since the beginning of the year, the dollar has fallen 6.4 per cent against the  overvalued yen.\u003cbr/\u003eNew York, London and Tokyo - 7 March 1995\u003cbr/\u003eShots 1-3 New York\u003cbr/\u003eShots 4-10 London\u003cbr/\u003eShots 11-15 Tokyo\u003cbr/\u003e1. general views (various) New York Stock Exchange opening.\u003cbr/\u003e2. cutaway screen with dollar price.\u003cbr/\u003e3. wide view New York Stock Exchange.\u003cbr/\u003e4. general views (various) traders at work in dealing room (London).\u003cbr/\u003e5. cutaway shot screen.\u003cbr/\u003e6. general views trading activity.\u003cbr/\u003e7. soundbite Eric Fishwick.\u003cbr/\u003e8. set up shot Eric Fishwick.\u003cbr/\u003e9. general views trading activity London.\u003cbr/\u003e10. soundbite Eric Fishwick.\u003cbr/\u003e11. Tokyo markets open.\u003cbr/\u003e12. general view traders at work.\u003cbr/\u003e13. cutaway shot of dollar value displayed on screen.\u003cbr/\u003e14. cutaway Japanese trader.\u003cbr/\u003e15. cutaway Japanese and United States flags on desk.\u003cbr/\u003e16. soundbite Richard Feldman - Solomon Brothers.\u003cbr/\u003e17. Wideshot New York Stock Exchange.\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eCurator Rating\u003c/dt\u003e\n\u003cdd\u003e\u003cspan class=\"star-rating\" aria-label=\"3.5 out of 5 stars\" role=\"img\"\u003e\u003ci class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci 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