Dollar Retreats Vs. Mark

The dollar fell moderately against key currencies Tuesday, weakened by an early sell-off in the U.S. bond market.

Worried about the durability of governments from London to Rome, high government debt across the continent and the stability of Europe’s financial markets following the collapse of the Barings PLC British investment bank, investors fled weaker currencies to the perceived safety of the mark.

In late New York trading, the dollar was quoted at 1.4633 marks, down from 1.4668 late Monday. The dollar, which is trading at the lowest level vs. the mark since late-October 1992, has fallen more than 6 percent against the German currency this year.

The dollar also was changing hands in New York at 96.75 Japanese yen, down from 97.11.

Exchange Currency in Dollars Dollar in foreign currency Canada .7188 1.3912 France .1951 5.1265 Germany .6852 1.4595 Great Britain 1.5843 .6312 Japan .010355 96.57