Dollar Hits 10-Week High Vs. Mark

A rally in the U.S. bond market sparked new interest in the dollar on Thursday, lifting the greenback against most leading currencies - reaching a 10-week high against the German mark during the day.

Analysts said the dollar drew support from expectations that weak European economies would force interest rate cuts, particularly in Germany, to spark new growth.

In late New York trading, the dollar was quoted at 1.4470 marks, up from 1.4366 late Wednesday.

Exchange Currency in Dollars Dollar in foreign currency Canada .7359 1.3588 France .2001 4.9970 Germany .6911 1.4470 Great Britain 1.5325 .6525 Italy .000626 1598.00 Japan .009790 102.15 Mexico .132979 7.5200