April 4, 1997 in Nation/World

Employment Concerns Hurt Dollar

 

The dollar retreated Thursday, hurt by the uncertain impact of March employment data due today and another drop in the U.S. stock market.

Stronger-than-expected economic data from Germany and a blunt warning to Japan from U.S. Trade Representative Charlene Barshefsky about the Japanese trade surplus also pressured the dollar lower.

But traders said the predominant theme in currency dealings was the Labor Department’s impending report on joblessness last month.

Exchange Currency in Dollars Dollar in foreign currency Canada .7190 1.3908 France .1781 5.6155 Germany .5993 1.6685 Great Britain 1.6464 .0608 Italy .000605 1653.00 Japan .008153 122.65 Mexico .125786 7.9500

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