Dollar Beats The Mark

The dollar fell against most major currencies Monday but edged up against the German mark as inflation data suggested a potential easing of German interest rates.

Lower rates in Germany would tend to diminish demand for marks and indirectly boost the dollar.

Preliminary inflation reports from two major states in Germany showed moderate declines in the inflation rate. That led to expectations the central bank may lower rates when it returns from a summer break.

That interpretation “helped to keep the mark weak against the yen and kept the dollar supported against the mark,” Gilmore said.

Exchange Currency in Dollars Dollar in foreign currency Canada .7373 1.3563 France .2079 4.8100 Germany .7224 1.3842 Great Britain 1.5973 .6261 Italy .000625 1600.00 Japan .011422 87.55