Uncertainties Drive Down Dollar

The dollar fell against most key currencies Wednesday, weakened by new uncertainty over the German interest-rate outlook, a sell-off in the U.S. stock market and a surge in demand for Mexican pesos.

Traders said the volume of foreign-exchange dealings was thin ahead of the German Bundesbank Central Bank Council’s regularly scheduled meeting today.

By late afternoon in New York, the dollar traded at 1.5060 marks, down from 1.5089 Tuesday, and was lower against most other European currencies. The dollar traded at 108.20 yen, up slightly from 108.15 yen late Tuesday.

Exchange Currency in Dollars Dollar in foreign currency Canada .7372 1.3565 France .1956 5.1115 Germany .6640 1.5060 Great Britain 1.5095 .6625 Italy .000635 1575.00 Japan .009242 108.20 Mexico .134626 7.4280