August 28, 1996 in Nation/World

Dollar Loses Ground To Mark


The dollar lost ground against the German mark Tuesday as market players sought a safe haven in the face of heightened anxiety about the timetable for Europe’s conversion to a single currency.

The dollar finished slightly higher against the Japanese yen after being lower most of the day as traders awaited today’s release of the Tankan, the Bank of Japan’s quarterly report on business conditions.

A perception that the Tankan report will show strong economic growth has buoyed the yen in recent days.

Exchange Currency in Dollars Dollars in foreign currency Canada .7310 1.3680 France .1977 5.0590 Germany .6765 1.4783 Great Britain 1.5545 .6433 Italy .000661 1512.90 Japan .009287 107.68 Mexico .133404 7.4960

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