Dollar Gains Vs. Mark, Yen

The British pound weakened the German mark and the Japanese yen Tuesday, allowing the dollar to move up against the two ailing currencies. But overall, the dollar ended mixed.

The pound’s strength came from the upward movement of the British bond market.

In addition to buying pounds, some traders bought dollars after selling their marks. The dollar buying also helped the U.S. currency gain against the yen.

By 4 p.m. in New York, the dollar was trading at 1.4710 marks, compared with 1.4665 on Monday. It finished at 105.20 yen, compared with 105.10 the day before.

Exchange Currency in Dollars Dollar in foreign currency Canada .7286 1.3725 France .1979 5.0540 Germany .6798 1.4710 Great Britain 1.5415 .6487 Italy .000637 1571.00 Japan .009506 105.20 Mexico .134771 7.4200