Currency dealers said there was little news to influence the dollar.

"We could see it go lower," one European currency dealer said.

But currency dealers said the drop was not enough to support the dollar.

West German currency dealers expect a further rise in the dollar.

Currency dealers keep a close watch on the trade figures, since they often affect the dollar's value.

Currency dealers said the dollar started out sharply higher, then fell back.

The currency dealers and black marketeers all know each other very well.

Currency dealers said concerns about slow economic growth gave a soft tone to the market.

Currency dealers said the dollar moved in a narrow trading range throughout the day.

Currency dealers said market activity was light since many traders have started to close out their books for the calendar year.

Currency dealers said continued concerns about interest rates helped push the dollar lower.

Currency dealers said technical factors were largely responsible for the dollar's movement.

Currency dealers overseas, meanwhile, were said to be closing out positions before the end of the year.

Currency dealers said trading was quiet, with Japanese markets closed for a national holiday.

Currency dealers said the markets had little reaction to Government economic reports that pointed to continued strength in the economy.

But currency dealers were a bit more skeptical than stock market analysts about what the dollar's recent performance meant for the future.

In 1981 it began the Reuter monitor, which allowed foreign currency dealers to trade by computer.

Currency dealers said the dollar's decline was largely a result of the mark's continuing strength.

"The rumors surprised us," said a senior currency dealer at a large bank in Frankfurt.

Currency dealers said the dollar was pushed lower by industrial production figures that were worse than expected.

Currency dealers said the intervention seemed to be more aggressive than last week's, when the bank limited its purchases to small amounts.

"I personally don't put much stock in that sort of talk," a currency dealer at a New York bank said.

Currency dealers attributed the unsettled market to two major unexpected developments.

Currency dealers said internal market influences were largely responsible for pushing the dollar higher.

Currency dealers described dollar trading as uneventful because the mark has been the center of attention.