Dollar Reverses Course

The dollar ended higher against major currencies Tuesday after spending the day tracking stock prices through a sharp drop and rebound.

The Dow Jones industrial average plummeted 63 points just after the opening bell, but finished the day with a scant 5-point loss.

“The dollar sold out first thing in the day because it was concerned about the stock market,” said Wayne Grigull, director of foreign exchange sales at Merrill Lynch & Co.

Worries about corporate earnings helped pushed stocks lower Tuesday. Lower profits could also signal a weakening economy, which would mean a sluggish dollar.

Exchange Currency in Dollars Dollar in foreign currency

Canada .7477 1.3375

France .2017 4.9570

Germany .7065 1.4155

Great Britain 1.5785 .6335

Italy .000622 1607.00

Japan .009952 100.48

Mexico .150038 6.6650