European Stars And Stripes (Newspaper) - November 20, 1988, Darmstadt, Hesse                                Page 18 the stars and stripes business news by Randy Mac Lin have an Impact but Banks sep a throw lifeline to sinking Dollar if the majority of currency traders Are right americans living in Europe should be Able to add one More Blessing to their list of things to be thankful Tor thanksgiving Day the Dollar which has been under attack since George Dush s election As president nov. 8, will probably survive the week ahead without any More serious losses. It s not hat foreign Exchange traders have suddenly gained Confidence in Bush s ability to rein in the Atli cd slates twin budget and Trade deficits after he lakes office Early nest year. It s just that traders had their hands slapped Las week and hard. The Bank of Japan the . Federal Reserve and Central Banks Tram America s major euro Pean economic Alli Sall helped prop up the ailing Buck Laic in the week by entering cur Rency markets an a Dollar buying spree it look some shoo million in Dollar Pur chases by the Banks on thursday alone join the end the governments joint action kept the Greenback from falling below the crucial support Levels of 20 yen and 1.70 Marks. On Friday the Dollar which had dipped Astow As. 1.7190 Marks in Frankfurt at fixing thursday afternoon seemed on the mend. Cur Rency traders fearful of another round of Centra Bank intervention had brought the Dollar Back As High As 1.7425 Marks by late morning. The military Exchange Rale used by Community banking facilities throughout West Germany also got a Lin. It had fallen to 1,70 Marks in the midst of the currency Market s Irish the Dollar frenzy at midweek but by week s end it had bounced Back to 1,72 Marks to the Dollar. That rate Wilt apply a transactions through monday. Go incr tech. A Bank of Boston foreign Exchange specialist said the Dollar s rebound on Friday would t have happened if the Centra Lbanks had stayed on the sidelines. The Dollar is up to the 1.74-Inark Range and that s where the . And its allies want it for the time being he said Well slay at this level for a  the anti Dollar movement had built Momen Tum despite some relatively positive economic news from Washington. The . Trade deficit narrowed to just under 110.5 billion for sep Tom bar after Bitting $12.27 billion in August. . Industrial capacity use went up slightly to 84 percent in october the Best part Ormanec on that statistic since february 1980,Tucich said the Trade figures Are at least headed in the right direction , exports Rose in sep tember and foreign imports went Down on the month. But the Doit Ralso went Down mor Sun Iru sin ii recreation Center s chief entertains ideas on shows  Bureau there was a Lime Back in the old Days when people planned trips to the armed forces recreation Cente not Only to enjoy the recreation but also the entertain ment. Arc executive director James Mccrindle re members those Days and he wants