Stock Selloff Hurts Dollar

The dollar ended sharply lower against most key currencies Wednesday, hurt by a nervous selloff on Wall Street that reflected anxieties about a possible foreign investor pullback from U.S. securities.

Further hurting the dollar was speculation about wrinkles in Europe’s planned single currency ahead of a European Union summit on monetary union this weekend, as well as hints that German interest rates won’t decline further. Those influences primarily helped the mark to its biggest one-day gain against the dollar in nearly three months.

Exchange Currency in Dollars Dollar in foreign currency

Canada .7341 1.3622

France .1921 5.2062

Germany .6504 1.5376

Great Britain 1.6515 .6055

Italy .000656 1524.20

Japan .008852 112.97

Mexico .126502 7.9050