Dollar Speculation Lifts Greenback

The dollar advanced against most major currencies Tuesday, benefiting from optimism that the Group of Seven industrialized nations would repledge support for a stronger U.S. currency when they meet next week.

The G-7 is scheduled to meet June 15-17 in Halifax, Nova Scotia. Analysts predicted that the U.S. currency would remain steady ahead of the meeting, in anticipation of the reaffirmation for a strong dollar.

The dollar also was supported by speculation that the Federal Reserve and other central banks would orchestrate another large-scale dollarbuying campaign before the G-7 meeting.

Canada .7241 1.3810 France .2020 4.9505 Germany .7080 1.4125 Great Britain 1.5915 .6283 Italy .000612 1633.00 Japan .011767 84.98 Mexico .164745 6.0700