THE DOLLAR

Clinton sees No Need for ‘Unusual’ Dollar Support: President Clinton sent a further signal that there will be no plan to bolster the dollar, such as a coordinated change in interest rates in the United States, Germany and Japan, coming out of this week’s economic summit in Naples. In a London interview with reporters from several countries, Clinton said that while he does not want the dollar to sink “too low,” there is no need for “unusual actions” to aid the U.S. currency. Analysts said Clinton’s remarks indicated that the Administration does not expect the Federal Reserve to raise short-term interest rates to support the dollar.