European Stars And Stripes (Newspaper) - February 7, 1988, Darmstadt, Hesse                                Page 18 the stars and stripes sunday february 7,19bb business news  Komru cd the Dollar closed slightly higher against most foreign currencies in me past week buoyed by such diverse Factor As the us Treasury Bond auction reports of a nuclear Accident in the so Viet Union and a Sale men by the japanese government thai the West would continue to sup port the Greenback at current Levels. And then there was the report from the Frank fun currency Exchange thai the Buck was being bolstered by foreign businessmen All Rushing id buy dollars 10 pay off hair super bowl bets. The quarterly Treasury refunding a three Day. S27 billion auction of Bonds to finance the Federal debt boosted in Dollar slightly at the Man of the cock since interest in the Bonds 11viewed As a willingness by foreign investors to hold . Currency. Although in Crest in Heb ones remained Strong japanese investors showed less enthusiasm than expected stopping the Dollar s  started off As an interesting week one London trader said. But things sort of fizzled act ing on behalf of the governments of the so called croup of seven the United slates West Germany Japan. France Italy the United King Dom and Canada Japan announced thursday hut the group would continue to support the Dollar at current  like that have a very stabilizing effect on inc Market a German Irader noted. No one is willing to Lake too firm a stance in dollars Forfar of getting caught i the Central Bank suddenly jump in. The Janks All have huge reserves of dollars by now so they can really move the Market quickly when they arc of a  constant threat has been sen ing 10 control inc Market without actual intervention he said. A London Irader however said she worries less about suspected g-7 limits top and Bottom but More about big fluctuations in the markets. I think More limes Ihan not the Central Hanks intervene when they feel a Large swing is under Way. I think they re mostly Irving to re Strain Large movement she said. If True she added that Means the Dollar could creep up or Down without triggering intervention. Reports of a nuclear Accident in the Sovie Lunion wednesday bolstered the Dollar briefly. Until the a cons were attributed id lest Tel exes being sent Between Austria and Switzerland. The soviet Union still stinging from International reproof for its. Handling Mohe chernobyl Acci Dent also was Quick la deny the  disturbances of any kind around the world always support inc  one Amer ican trader  inc Dollar has edged slightly higher in the last two weeks most trader continue to be bearish about Lis future. . Trade figures due out feb. 12, will Likely move inc Dollar lower since economists predict to current account shortfall of More than $14 billion a downturn after Las month s improvement in the Trade Pic , there remains some Promise for the Dol Lar in coming months traders and economists predict. German unemployment it expected to continue is Rise meaning the Bundesbank Likely will lower interest Rales once More to Spur