1
 Although bullish dollar sentiment has fizzled, 
5002
concession

2
many currency analysts say 
3
attribution

3
a massive sell-off probably won't occur in the near future.
5002
span

4
 While Wall Street's tough times and lower U.S. interest rates continue to undermine the dollar, 
5
antithesis

5
weakness in the pound and the yen is expected to offset those factors.
5003
span

6
 By default, the dollar probably will be able to hold up pretty well in coming days,
5004
span

7
 says Francoise Soares-Kemp, a foreign-exchange adviser at Credit Suisse.
6
attribution

8
 We're close to the bottom of the near-term ranges, 
5005
span

9
she contends.
8
attribution

10
 In late Friday afternoon New York trading, the dollar was at 1.8300 marks and 141.65 yen, off from late Thursday's 1.8400 marks and 142.10 yen.
5009
Contrast

11
 The pound strengthened to $1.5795 from $1.5765.
5009
Contrast

12
 In Tokyo Monday, the U.S. currency opened for trading at 141.70 yen, down from Friday's Tokyo close of 142.75 yen.
5047
Sequence

13
 The dollar began Friday on a firm note, 
5134
span

14
gaining against all major currencies in Tokyo dealings and early European trading 
5014
span

15
despite reports 
5013
span

16
that the Bank of Japan was seen unloading dollars around 142.70 yen.
15
elaboration-object-attribute-e

17
 The rise came 
5015
span

18
as traders continued to dump the pound after the sudden resignation Thursday of British Chancellor of the Exchequer Nigel Lawson.
17
circumstance

19
 But 
5018
Same-Unit

20
once the pound steadied with help from purchases by the Bank of England and the Federal Reserve Bank of New York, 
21
circumstance-e

21
the dollar was dragged down, 
5017
span

22
traders say, 
5018
attribution-e

23
by the stock-market slump 
5020
span

24
that left the Dow Jones Industrial Average with a loss of 17.01 points.
23
elaboration-object-attribute-e

25
 With the stock market wobbly and dollar buyers 
5025
span

26
discouraged by signs of U.S. economic weakness and the recent decline in U.S. interest rates 
5024
span

27
that has diminished the attractiveness of dollar-denominated investments, 
26
elaboration-object-attribute-e

28
traders say 
5026
Same-Unit

29
the dollar is still in a precarious position.
5027
span

30
 They'll be looking at levels 
5029
span

31
to sell the dollar, 
30
elaboration-object-attribute-e

32
says James Scalfaro, a foreign-exchange marketing representative at Bank of Montreal.
5029
attribution

33
 While some analysts say 
34
attribution

34
the dollar eventually could test support at 1.75 marks and 135 yen,
5032
span

35
 Mr. Scalfaro and others don't see the currency decisively sliding under support at 1.80 marks and 140 yen soon.
5033
span

36
 Predictions for limited dollar losses are based largely on the pound's weak state after Mr. Lawson's resignation and the yen's inability 
5035
span

37
to strengthen substantially 
36
elaboration-object-attribute-e

38
when there are dollar retreats.
5035
circumstance

39
 With the pound and the yen lagging behind other major currencies, 
5039
circumstance

40
you don't have a confirmation 
5039
span

41
that a sharp dollar downturn is in the works,
40
elaboration-object-attribute-e

42
 says Mike Malpede, senior currency analyst at Refco Inc. in Chicago.
5038
attribution

43
 As far as the pound goes, 
5056
circumstance

44
some traders say 
45
attribution

45
a slide toward support at $1.5500 may be a favorable development for the dollar this week. 
5056
span

46
 While the pound has attempted to stabilize, 
5057
concession

47
currency analysts say 
48
attribution

48
it is in critical condition.
5057
span

49
 Sterling plunged about four cents Thursday 
5073
Temporal-Same-Time

50
and hit the week's low of $1.5765 
5073
Temporal-Same-Time

51
when Mr. Lawson resigned from his six-year post 
5071
span

52
because of a policy squabble with other cabinet members.
51
reason

53
 He was succeeded by John Major, 
5069
span

54
who Friday expressed a desire for a firm pound 
5080
Problem-Solution

55
and supported the relatively high British interest rates 
5065
span

56
that 
5066
span

57
he said 
56
attribution-e

58
are working exactly as intended 
5068
span

59
in reducing inflation.
58
purpose

60
 But the market remains uneasy about Mr. Major's policy strategy and the prospects for the pound, 
5070
span

61
currency analysts contend.
60
attribution

62
 Although the Bank of England's tight monetary policy has fueled worries 
5076
span

63
that Britain's slowing economy is headed for a recession, 
62
elaboration-object-attribute-e

64
it is widely believed that Mr. Lawson's willingness 
5078
span

65
to prop up the pound with interest-rate increases 
64
elaboration-object-attribute-e

66
helped stem pound selling in recent weeks.
5079
Same-Unit

67
 If there are any signs 
5083
span

68
that Mr. Major will be less inclined to use interest-rate boosts 
5084
span

69
to rescue the pound from another plunge, 
68
purpose

70
that currency is expected to fall sharply.
5085
span

71
 It's fair to say there are more risks for the pound under Major 
5087
span

72
than there were under Lawson, 
71
comparison

73
says Malcolm Roberts, a director of international bond market research at Salomon Brothers in London.
5087
attribution

74
 There's very little upside to sterling, 
5089
span

75
Mr. Roberts says, 
74
attribution

76
but he adds 
5091
attribution

77
that near-term losses may be small
5091
span

78
 because the selling wave 
5092
span

79
that followed Mr. Major's appointment 
78
elaboration-object-attribute-e

80
apparently has run its course.
5093
Same-Unit

81
 But some other analysts have a stormier forecast for the pound, 
5097
span

82
particularly because Britain's inflation is hovering at a relatively lofty annual rate of about 7.6% 
5095
List

83
and the nation is burdened with a struggling government and large current account and trade deficits.
5095
List

84
 The pound likely will fall in coming days 
5099
span

85
and may trade as low as 2.60 marks within the next year, 
84
elaboration-additional

86
says Nigel Rendell, an international economist at James Capel & Co. in London.
5099
attribution

87
 The pound was at 2.8896 marks late Friday, off sharply from 2.9511 in New York trading a week earlier.
5105
span

88
 If the pound falls closer to 2.80 marks, 
89
condition

89
the Bank of England may raise Britain's base lending rate by one percentage point to 16%, 
5103
span

90
says Mr. Rendell.
5103
attribution

91
 But such an increase,
5107
span

92
 he says, 
91
attribution-e

93
could be viewed by the market as too little too late.
5108
Same-Unit

94
 The Bank of England indicated its desire 
5110
span

95
to leave its monetary policy unchanged Friday 
94
elaboration-object-attribute-e

96
by declining to raise the official 15% discount-borrowing rate 
5113
span

97
that it charges discount houses, 
96
elaboration-object-attribute-e

98
analysts say.
5112
attribution

99
 Pound concerns aside, the lack of strong buying interest in the yen is another boon for the dollar, 
5122
span

100
many traders say. 
99
attribution

101
 The dollar has a natural base of support around 140 yen 
5123
span

102
because the Japanese currency hasn't been purchased heavily in recent weeks, 
101
consequence-n

103
says Ms. Soares-Kemp of Credit Suisse.
5123
attribution

104
 The yen's softness,
5125
span

105
 she says, 
104
attribution-e

106
apparently stems from Japanese investors' interest 
5127
span

107
in buying dollars against the yen 
5128
span

108
to purchase U.S. bond issues 
107
purpose

109
and persistent worries about this year's upheaval in the Japanese government.
5126
Same-Unit

110
 On New York's Commodity Exchange Friday, gold for current delivery jumped $5.80, to $378.30 an ounce, the highest settlement since July 12.
5131
span

111
 Estimated volume was a heavy seven million ounces.
110
evaluation-s

112
 In early trading in Hong Kong Monday, gold was quoted at $378.87 an ounce.
5132
Sequence

5001
span
5007
span

5002
span
5001
span

5003
span
5001
explanation-argumentative

5004
span
5006
span

5005
span
5004
elaboration-additional

5006
span
5007
interpretation-s

5007
span
5051
span

5008
span



5009
multinuc
5047
Sequence

5010
span



5011
span



5012
span
5016
span

5013
span
14
concession

5014
span
13
manner

5015
span
5012
explanation-argumentative

5016
span
5048
Contrast

5017
span
5018
Same-Unit

5018
multinuc
5019
span

5019
span
5021
Same-Unit

5020
span
5021
Same-Unit

5021
multinuc
5048
Contrast

5022
span



5023
span



5024
span
25
elaboration-object-attribute-e

5025
span
5026
Same-Unit

5026
multinuc
29
attribution

5027
span
5042
List

5028
span



5029
span
5030
span

5030
span
5041
span

5031
span



5032
span
35
antithesis

5033
span
5030
elaboration-additional

5034
span



5035
span
5044
span

5036
span



5037
span



5038
span
5040
span

5039
span
5038
span

5040
span
5044
elaboration-additional

5041
span
5042
List

5042
multinuc
5049
interpretation-s

5043
span



5044
span
5045
span

5045
span
5053
interpretation-s

5046
span



5047
multinuc
5049
span

5048
multinuc
5047
background

5049
span
5052
span

5050
span



5051
span
5053
span

5052
span
5051
elaboration-additional

5053
span
5054
span

5054
span
5121
Topic-Drift

5055
span
5059
span

5056
span
5055
span

5057
span
5058
span

5058
span
5055
elaboration-additional

5059
span
5060
span

5060
span
5117
span

5061
span



5062
span



5063
span



5064
span



5065
span
5080
Problem-Solution

5066
span
5067
Same-Unit

5067
multinuc
55
elaboration-object-attribute-e

5068
span
5067
Same-Unit

5069
span
5082
span

5070
span
5069
interpretation-s

5071
span
5072
Sequence

5072
multinuc
5073
circumstance

5073
multinuc
5075
span

5074
span



5075
span
5059
evidence

5076
span
5079
concession

5077
span
5116
span

5078
span
5079
Same-Unit

5079
multinuc
5077
span

5080
multinuc
53
elaboration-additional-e

5081
span



5082
span
5072
Sequence

5083
span
70
condition

5084
span
67
elaboration-object-attribute-e

5085
span
5077
hypothetical

5086
span



5087
span
5088
span

5088
span
5118
span

5089
span
5090
antithesis

5090
span
5094
span

5091
span
5090
span

5092
span
5093
Same-Unit

5093
multinuc
77
consequence-n

5094
span
5088
elaboration-additional

5095
multinuc
81
reason

5096
span



5097
span
5101
span

5098
span



5099
span
5100
span

5100
span
5106
span

5101
span
5119
Contrast

5102
span



5103
span
5104
span

5104
span
5109
span

5105
span
5100
elaboration-additional

5106
span
5097
example

5107
span
5108
Same-Unit

5108
multinuc
5104
antithesis

5109
span
87
interpretation-s

5110
span
5112
span

5111
span



5112
span
5114
span

5113
span
5110
manner

5114
span
5117
problem-solution-s

5115
span
5060
elaboration-additional

5116
span
5115
span

5117
span
5120
span

5118
span
5119
Contrast

5119
multinuc
5116
interpretation-s

5120
span
5121
Topic-Drift

5121
multinuc
5133
Topic-Shift

5122
span
5129
span

5123
span
5124
span

5124
span
5130
span

5125
span
5126
Same-Unit

5126
multinuc
5124
interpretation-s

5127
span
5126
Same-Unit

5128
span
106
elaboration-object-attribute-e

5129
span
5121
Topic-Drift

5130
span
5122
explanation-argumentative

5131
span
5132
Sequence

5132
multinuc
5133
Topic-Shift

5133
multinuc



5134
span
5012
span

