But later the reports were reversed, and the dollar moved up.
The dollar moved down and then up during the day, partly because of rumors.
The dollar also moved lower against the German mark, but in a broad trading range.
Some traders said the dollar had moved up too fast.
This means the dollar could move toward 1.80 marks or higher.
American business has responded much more than in the early 1980's, the last time the dollar moved up sharply.
Without the changes, the dollar could move higher again unless the huge intervention continues.
On Thursday some participants said the dollar might move sharply lower if the figure was above $7 billion.
Analysts said the dollar had moved higher for no clear reason.
We think the dollar will move ahead against the mark.