Dollar Hits Six-Week High Vs. Yen
With the specter of Canadian separatism lifted from the market, rumors of renewed Japanese investment in the United States lifted the dollar to a six-week high against the yen on Wednesday.
The greenback also rose against other major currencies, particularly the German mark, as numerous political firestorms in Europe cooled.
In late New York trading, the dollar rose to 1.4265 German marks, up from 1.4082 late Monday. It also rose from 102.06 to 103.15 yen, its highest finish since hitting 104.67 on Sept. 20.
Exchange Currency in Dollars Dollar in foreign currency Canada .7439 1.3442 France .2037 4.9096 Germany .7064 1.4157 Great Britain 1.5807 .6326 Italy .000628 1593.00 Japan .009704 103.05 Mexico .136612 7.3200