Dollar’s Fall Slows

The dollar partly recovered from an overseas sell-off Monday to end moderately lower vs. key currencies, as American dealers shrugged off a news report that dampened foreign hopes for higher U.S. interest rates.

Analysts said trading in the dollar was fairly light, as the market took stock of last week’s plunge to record lows against the German mark and Japanese yen, a relentless fall that threatened to create a worldwide currency crisis.

Market participants also were awaiting U.S. economic data due to be released later this week, including February retail sales and inflation figures, to gauge prospects for an increase in short-term interest rates when Federal Reserve policymakers meet later this month.

Exchange Currency in Dollars Dollar in foreign currency Canada .7083 1.4118 France .1998 5.0045 Germany .7112 1.4060 Great Britain 1.5940 .6274 Italy .000593 1686.20 Japan .011050 90.50 Mexico .155039 6.4500