The dollar fell against the German mark Monday when doubts spread that the United States and Germany might cut interest rates anytime soon. The dollar fell against the Japanese yen on profit taking.
The dollar, which fell more than 1.5 pfennigs and nearly 1.5 yen, dropped broadly against European currencies, partly because of the mark’s strength.
By 4 p.m. in New York, the dollar was trading at 1.4665 marks, compared with 1.4823 on Friday. It finished at 105.10 yen, compared with 106.55 the day before.
Exchange Currency in Dollars Dollar in foreign currency Canada .7262 1.3770 France .1985 5.0370 Germany .6819 1.4665 Great Britain 1.5401 .6493 Italy .000637 1569.00 Japan .009515 105.10 Mexico .135410 7.3850