Dollar Gains On Mark, Yen

The dollar rose against most major currencies Tuesday after Germany and France offered stimulus plans that underscored the fragility of their economies.

Expectations of a U.S. interest rate cut as early as today did little to hurt the dollar, which benefited from expectations that Germany would lower its own interest rates this week.

The dollar rose against the German mark and Japanese yen. Japan has been trying to boost an economy threatened by the potential failure of its banking system.

By 4 p.m. in New York, the dollar bought 1.4893 marks, compared with 1.4830 marks Monday. The dollar ended at 107.25 yen, up from 106.75 yen.

Currency in Dollar in Exchange Dollars foreign currency

Canada .7261 1.3773 France .1954 5.1180 Germany .6715 1.4893 Great Britain 1.5050 .6645 Italy .000625 1600.00 Japan .009324 107.25 Mexico .135593 7.3750